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The folowing are national income account data for a hypothetical economy in billions of dollars: gross investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, governm purchases ($47O). What is GDP in this economy? Multiple Choice $3,273 billion $3,290 billion $3,263 billion $3,237 billion

The folowing are national income account data for a hypothetical economy in billions of dollars: gross investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, governm purchases ($47O). What is GDP in this economy? Multiple Choice $3,273 billion $3,290 billion $3,263 billion $3,237 billion

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The following are national income account data for a hypothetical economy in billions of dollars: gross investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, government purchases ($470). What is GDP in this economy? Multiple Choice $3.273 billion $3.290 billion $3,263 billion $3,237 billion
Transcribed Image Text:The following are national income account data for a hypothetical economy in billions of dollars: gross investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, government purchases ($470). What is GDP in this economy? Multiple Choice $3.273 billion $3.290 billion $3,263 billion $3,237 billion
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