In 2009 in the United States, consumption expenditure was $9,996 billion, investment was $1,559 billion, government expenditures on goods and services were $2,927 billion, and total exports were $1,492 billion. GDP equaled
A) $12,641 billion.
B) $10,120 billion.
C) $11,488 billion.
D) $14,415 billion.
E) some amount, but there is not enough information given to calculate GDP.
E
Economics
You might also like to view...
The graph below shows the production possibilities curve for an economy producing two goods, X and Y. All of the following may allow the economy to produce combination D in the future, except?
A. Lower unemployment
B. Increasing labor supply
C. Economic growth
D. Technological advances
Economics
Industry price and the price taken by the perfect competitor are ___________.
Fill in the blank(s) with the appropriate word(s).
Economics