In an open economy, gross domestic product equals $1,970 billion, government expenditure equals $300 billion, investment equals

Question

3 years ago

10

In an open economy, gross domestic product equals $1,970 billion, government expenditure equals $300 billion, investment equals

$500 billion, and net capital outflow equals $280 billion. What is consumption expenditure?
a. $280 billion
b. $780 billion
c. $890 billion
d. $1,170 billion

Business

1 answer:

LenKa [72] · Answer 1 · 2022-07-28T20:06:05+03:00

LenKa [72]3 years ago

7 0

Answer: D

If you add 300 + 500 + 280 and then subtract the answer from 1,970 you will get your answer.