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If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are $30 billion, net exports are – (negative) $10 billion, government purchases are $30 billion, sales of second-hand items are $8 billion, and gross investment is $35 billion, what is the country’s GDP for the year?   Select one: a. $125 billion b. $85 billion c. $95 billion d. $105 billion

If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are $30 billion, net exports are – (negative) $10 billion, government purchases are $30 billion, sales of second-hand items are $8 billion, and gross investment is $35 billion, what is the country’s GDP for the year?   Select one: a. $125 billion b. $85 billion c. $95 billion d. $105 billion

Principles of Economics 2e
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 1SCQ: Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment...
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If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are $30 billion, net exports are – (negative) $10 billion, government purchases are $30 billion, sales of second-hand items are $8 billion, and gross investment is $35 billion, what is the country’s GDP for the year?


 

Select one:
a. $125 billion
b. $85 billion
c. $95 billion
d. $105 billion
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