In Country 1, the values of the aggregate variables in 2020 are given as follows: Country 1 (in 2022) Variable Value Consumption: 1021 Investments:800 Government expenditures: 500 Exports: 150 Imports: 550 What is the GDP of Country 1 in 2022?

In Country 1, the values of the aggregate variables in 2020 are given as follows: Country 1 (in 2022) Variable Value Consumption: 1021 Investments:800 Government expenditures: 500 Exports: 150 Imports: 550 What is the GDP of Country 1 in 2022?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

In Country 1, the values of the aggregate
variables in 2020 are given as follows:
Country 1 (in 2022)
Variable Value
Consumption: 1021
Investments: 800
Government expenditures: 500
Exports: 150
Imports: 550
What is the GDP of Country 1 in 2022?
19:12

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