If one uses the data above (in billions of dollars), the Gross domestic product (in billions of dollars) for this economy equals $1,200.
<h3>What is the GDP about?</h3>
Note that:
GDP (Gross Domestic Product):
Thus it will be :
Consumption + Investment + Government expenditure + (Export - Import)
Which is:
GDP = 800 + 200 + 300 + (100 - 200)
GDP = $1200 billions
See full question below
Consumption expenditures $800
Investment expenditures 200
Government purchases 300
Exports 100
Imports 200
Wages 800
8) Refer to Table above. Consider the data above (in billions of dollars) for an economy: Gross domestic product (in billions of dollars) for this economy equals
A) $2,200.
B) $1,600.
C) $1,400.
D) $1,200.
Learn more about GDP from
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Answer: jump out
Explanation:
Took the test and it was correct
Answer:
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Explanation:
All parts of a statement must be true for it to be true
Answer:
Neither confirm nor deny the information is classified.
Explanation:
This action is taken because if you answer that the information is classified, more questions will arise about why it is classified thus leaving you in an awkward situation to respond (since it is classified by something).
In the event that you answer that it is not classified, it also gives rise to the reason that the information is not of simple access also exposing you to answering more questions and having to release the confidential information.
By denying both confidentiality and non-confidentiality, you refer to ignorance of the subject by avoiding further questions about such information on the web.
