38)The following data are for a hypothetical economy in billion. What is GDP? Consumption Expenditure, C $900 Government Purchases, G $140 Net Taxes, T $200 Transfer Payments $100 Gross private Domestic Investment, I $60 Corporate Profits $100 Wages $800 Exports $100 Imports $200 Select one: a. 1220 b. 1200 c. 1000 d. 1100 e. 900

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Chapter5: Measuring A Nation's Income
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38)The following data are for a hypothetical economy in billion. What is GDP?


Consumption Expenditure, C

$900

Government Purchases, G

$140

Net Taxes, T

$200

Transfer Payments

$100

Gross private Domestic Investment, I

$60

Corporate Profits

$100

Wages

$800

Exports

$100

Imports

$200

Select one:
a. 1220
b. 1200
c. 1000
d. 1100
e. 900
 
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