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poizon [28]
3 years ago
12

The following are national income account data for a hypothetical economy g in billions of dollars: government purchases ($1,050

), personal consumption expenditures ($4,800), imports ($370), exports ($240), and gross private domestic investment ($1,130). What is GDP for this economy
Business
1 answer:
kirill115 [55]3 years ago
5 0

Answer:

the GDP is $6,850 billion

Explanation:

The computation of the GDP for this economy is as follows:

GDP = Personal consumption expenditure + Government purchases + Gross private domestic investment + Exports- imports

= $4,800 + $1,050 + $1,130 + $240 - $370

= $6,850

hence, the GDP is $6,850 billion

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Explanation:

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6 0
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True or False
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If the demand curve is linear and downward sloping, which of the following statements is not correct? Select one: a. Starting fr
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Answer:

The correct answer is option d.

Explanation:

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3 0
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The owner of Cafe Bakka is considering investing in a new point-of-sale system. He spent $10,000 on his current point-of-sale sy
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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

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6 0
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You are the CEO of a company that has to choose between making a $100 million investment in either Russia or Poland. Both invest
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