If consumption equals $6,200 billion, investment equals $1,200 billion, transfer payments equal $1,500 billion, government purchases equal $2,200 billion exports equal $900 billion imports equal $1,100 billion foreign factor income equals $200 billion Then GDP is equal to: Group of answer choices $11,100 billion $9,600 billion $10,900 billion $9,400 billion
If consumption equals $6,200 billion, investment equals $1,200 billion, transfer payments equal $1,500 billion, government purchases equal $2,200 billion exports equal $900 billion imports equal $1,100 billion foreign factor income equals $200 billion Then GDP is equal to: Group of answer choices $11,100 billion $9,600 billion $10,900 billion $9,400 billion
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
If consumption equals $6,200 billion,
investment equals $1,200 billion,
transfer payments equal $1,500 billion,
government purchases equal $2,200 billion
exports equal $900 billion
imports equal $1,100 billion
foreign factor income equals $200 billion
Then
Group of answer choices
$11,100 billion
$9,600 billion
$10,900 billion
$9,400 billion
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