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Korolek [52]
3 years ago
15

refer to the accompanying national income data (in billions of dollars). the gross domestic product for this economy is

Business
1 answer:
jeka943 years ago
4 0

Answer: $623 billion

Explanation:

Gross Domestic Product refers to the final value of the goods and services produced within a country in a certain period which is usually a year.

It can be calculated by several approaches with one of them being the Expenditure approach.

The formula is:

= Consumption + Investment + Government spending + Net exports

= 400 + 88 + 128 + 7

= $623 billion

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