Answer the next question based on the following data. All figures are in billions of dollars.Government purchases$10Consumption115Gross investment35Consumption of fixed capital7Exports11Imports14 This nation's GDP is ________.

A. $163 billion
B. $164 billion
C. $157 billion
D. $171 billion

Answer: C

Economics

You might also like to view...

In the figure above, which of the following represents a money flow?

A) Goods purchased B) Interest C) Capital D) Services sold E) Goods supplied

Economics

The M1 definition of the money supply

A. includes only coins and currency. B. includes only things that can be used as a medium of exchange, while the M2 definition includes some things that cannot be used directly as a medium of exchange. C. includes some kinds of accounts that are not included in M2. D. tends to grow more rapidly than M2.

Economics