Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $2,700, transfer payments of $750, capital depreciation of $800, and investment of $3,000 . GDP equals
a. $24,450.
b. $11,550.
c. $15,300.
d. $20,700.
c
Economics
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Marginal benefit is the benefit that a person receives from consuming
A) a good or service until the person has grown tired of it. B) only goods and services that are free. C) one more unit of a good or service. D) all of the possible units of a good or service that can be consumed. E) one more unit of a good and is equal to the cost of producing the unit of the good.
Economics
In the above figure, which curve is an indifference curve for someone who views frozen pizzas and milk as perfect complements?
A) indifference curve F B) indifference curve G C) indifference curve H D) indifference curve I
Economics