na small economy, consumption spending is $7,500, government purchases are $2,200, gross investment is $500, exports are $2,100, and imports are $3,000. What is gross domestic product? O $9,300 O $15,300 O $11,100 O $12,300

na small economy, consumption spending is $7,500, government purchases are $2,200, gross investment is $500, exports are $2,100, and imports are $3,000. What is gross domestic product? O $9,300 O $15,300 O $11,100 O $12,300

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 a small economy, consumption spending is $7,500,
government purchases are $2,200, gross investment is
$500, exports are $2,100, and imports are $3,000. What is
gross domestic product?
$9,300
O $15,300
O $11,100
O $12,300

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