With the following information calculate theGDP for nation XThe country's spending on consumer goodsand services was $60Businesses invested $15 and built up theirinventories of goods $5The Government of X spent $25 on goodsand services and made $5 of transferpaymentsX exports $10 of goods and services whileimporting $15a. $105b.$100c. $95

GDP (gross domestic product) is the sum total of all finished services and goods produced in an…

The country's spending on consum and services was $60 Businesses invested $15 and built u inventories of goods $5 The Government of X spent $25 on and services and made $5 of transf payments X exports $10 of goods and service importing $15

The country's spending on consum and services was $60 Businesses invested $15 and built u inventories of goods $5 The Government of X spent $25 on and services and made $5 of transf payments X exports $10 of goods and service importing $15

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

With the following information calculate the
GDP for nation X
The country's spending on consumer goods
and services was $60
Businesses invested $15 and built up their
inventories of goods $5
The Government of X spent $25 on goods
and services and made $5 of transfer
payments
X exports $10 of goods and services while
importing $15
a. $105
b.$100
c. $95

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