The table below contains data for the country of Crete for the year.Total income$5731Household purchases of durable goods$1108Household purchases of nondurable goods$702inHousehold purchases of non-education services$203Household purchases of education services$302Household purchases of new housing$816Purchases of capital equipment$333Inventory changes$75Purchases of new structures$267Depreciation$401Local government spending on goods and services$236State government spending on goods and services$419Federal government spending on goods and services$1182Transfer payments$707Foreign purchases of domestically produced goods$217Domestic purchases of foreign goods$129 What was Crete's GDP?Select one:O a. $6839O b. $6438O c. $4623O d. $5731O e. $6037

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What was Crete's GDP? Select one: O a. $6839 O b. $6438 O c. $4623 O d. $5731 O . $6037

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

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Question

The table below contains data for the country of Crete for the year.
Total income
$5731
Household purchases of durable goods
$1108
Household purchases of nondurable goods
$702
in
Household purchases of non-education services
$203
Household purchases of education services
$302
Household purchases of new housing
$816
Purchases of capital equipment
$333
Inventory changes
$75
Purchases of new structures
$267
Depreciation
$401
Local government spending on goods and services
$236
State government spending on goods and services
$419
Federal government spending on goods and services
$1182
Transfer payments
$707
Foreign purchases of domestically produced goods
$217
Domestic purchases of foreign goods
$129

What was Crete's GDP?
Select one:
O a. $6839
O b. $6438
O c. $4623
O d. $5731
O e. $6037

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