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nikitadnepr [17]
4 years ago
9

Suppose GDP in this country is $900 million. Enter the amount for consumption. National Income Account Value (Millions of dollar

s) Government Purchases ( G ) 250 Taxes minus Transfer Payments ( T ) 325 Consumption ( C ) Investment ( I )
Business
1 answer:
Rudiy274 years ago
3 0

Answer:

Consumption ( C ) = $325 million

Explanation:

Given:

GDP = $900 million:

Government Purchases ( G ) = $250 million

Taxes minus Transfer Payments ( T ) = $325 million

Investment ( I ) = $275 million

Find:

Consumption ( C )

Computation:

GDP = C + I + G

$900 million = Consumption ( C ) + $250 million + $325 million

Consumption ( C ) = $900 million - [$250 million + $325 million]

Consumption ( C ) = $325 million

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3 0
2 years ago
David Desgro hired Paul Pack to inspect a house that Desgro wanted to buy. Pack had Desgro sign a standard-form contract that in
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3 years ago
If sellers of scarce resources are not allowed to increase prices to equilibrate supply and demand after a disaster, how do you
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