Calculate GDP using the information in the table below:$BillionsGovernment purchases of goods 1200Services500Imports400Change in business inventories 50Durable goods300Nondurable goods600Exports250Residential investment200Government purchases of services 500Nonresidential investment650Select one:О а. 4150O b. 3850Ос. 4650O d. 4000

Gross Domestic Product identifies with the financial worth which is related with the administrations…

Lula usin SBillions overnment purchases of goods 1200 ervices mports 500 400 hange in business inventories 50 urable goods 300 londurable goods 600 вкроrts 250 esidential investment 200 overnment purchases of services 500 lonresidential investment 650 elect one: Оа. 4150 O b. 3850 Ос. 4650 O d. 4000

Lula usin SBillions overnment purchases of goods 1200 ervices mports 500 400 hange in business inventories 50 urable goods 300 londurable goods 600 вкроrts 250 esidential investment 200 overnment purchases of services 500 lonresidential investment 650 elect one: Оа. 4150 O b. 3850 Ос. 4650 O d. 4000

Economics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506725

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 4CQ

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