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Readme [11.4K]
3 years ago
7

Consider an economy where consumption equals $500, investment equals $900, government purchases equal $1000, imports equal $900

and exports equal $100. Calculate its GDP.
Business
2 answers:
belka [17]3 years ago
7 0

Answer:

C+I+G+(X-M)

500+900+1000+(100-1000)

=1500

Nikitich [7]3 years ago
6 0

Answer:

The GDP is 3200.

Explanation:

The GDP equals: Consumption + Investment + gOvernment purchases + Exports - Imports.

GDP = C + I + O + E - M

500+900+1000+900-100 = 3200

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