Suppose during a given year the following data is recorded for some country: $8 trillion of consumer expenditure on goods and services, $3 trillion of expenditure on investment goods, $1 trillion of government expenditures on goods and services, $2 trillion of expenditures on imported goods and services, and $1 trillion of goods exported to other countries. This country’s GDP would be: Group of answer choices $8 trillion $9 trillion $11 trillion none of the these is correct
Suppose during a given year the following data is recorded for some country: $8 trillion of consumer expenditure on goods and services, $3 trillion of expenditure on investment goods, $1 trillion of government expenditures on goods and services, $2 trillion of expenditures on imported goods and services, and $1 trillion of goods exported to other countries. This country’s GDP would be: Group of answer choices $8 trillion $9 trillion $11 trillion none of the these is correct
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 9SQ
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Suppose during a given year the following data is recorded for some country: $8 trillion of consumer expenditure on goods and services, $3 trillion of expenditure on investment goods, $1 trillion of government expenditures on goods and services, $2 trillion of expenditures on imported goods and services, and $1 trillion of goods exported to other countries. This country’s GDP would be:
Group of answer choices
$8 trillion
$9 trillion
$11 trillion
none of the these is correct
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