Use the relevant numbers from the following information to compute GDP. Given this information, GDP would be ________________ billion. Consumption = $ 800 billion Investment = 300 billion Government purchases = 320 billion Rental income on commercial real estate = 50 billion Exports = $ 80 billion Imports = $ 90 billion Dog food sales revenue = $ 20 billion
Use the relevant numbers from the following information to compute GDP. Given this information, GDP would be ________________ billion. Consumption = $ 800 billion Investment = 300 billion Government purchases = 320 billion Rental income on commercial real estate = 50 billion Exports = $ 80 billion Imports = $ 90 billion Dog food sales revenue = $ 20 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Use the relevant numbers from the following information to compute
Consumption = $ 800 billion
Investment = 300 billion
Government purchases = 320 billion
Rental income on commercial real estate = 50 billion
Exports = $ 80 billion
Imports = $ 90 billion
Dog food sales revenue = $ 20 billion
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