29. Suppose that household consumption is $1,000, investment is $600, government spending is $300, exports are $200 and imports are $230. Nominal GDP then would be Group of answer choices a) $1,930. b) $2,330. c) $1,970. d) $1,730. e) $1,870.
29. Suppose that household consumption is $1,000, investment is $600, government spending is $300, exports are $200 and imports are $230. Nominal GDP then would be Group of answer choices a) $1,930. b) $2,330. c) $1,970. d) $1,730. e) $1,870.
Essentials of Economics (MindTap Course List)
8th Edition
ISBN:9781337091992
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter15: Measuring A Nation's Income
Section: Chapter Questions
Problem 4CQQ
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29. Suppose that household consumption is $1,000, investment is $600, government spending is $300, exports are $200 and imports are $230. Nominal
Group of answer choices
a) $1,930.
b) $2,330.
c) $1,970.
d) $1,730.
e) $1,870.
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