Answer:
$1120
Explanation:
The computation of the GDP is shown below:
Y = C + I + G + X
Here Y denotes the GDP
C denotes the consumption = $500 - $80 - $20 = $400 and 700 - 50 = $650
I denotes the investment = $
G denotes the government purchase = $20
X denotes the net exports = $50
So,
Y = $400 + $650 + 0 + $20 + $50
= $1120
Im thinking 7.9. correct me if im wrong. i think this because i took 191.6-117.6 and got 74 then divided that by 9.4 and got 7.87 and rounded to 7.9.
Answer: D
If you add 300 + 500 + 280 and then subtract the answer from 1,970 you will get your answer.
Answer:
The main difference is that quotas restrict quantity while tariff works through prices. Thus, quota is a quantitative limit through imports. ... 5.3) amount is imposed then price would rise to Pt because the total supply (domestic output plus imports) equals total demand at that price.
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<em><u>Hope this helps..</u></em></h2>
