What is the value for Gross Domestic Product if consumer spending is $22,946, gross private domestic investment is $14, 245, government purchases are $ 8,568, exports are $3,289, imports are $2,937, wages are $10,597, and indirect business taxes are $1,622? Other values for potential components of GDP are unknown. Enter the value without a S and without commas.

What is the value for Gross Domestic Product if consumer spending is $22,946, gross private domestic investment is $14, 245, government purchases are $ 8,568, exports are $3,289, imports are $2,937, wages are $10,597, and indirect business taxes are $1,622? Other values for potential components of GDP are unknown. Enter the value without a S and without commas.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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