
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
Edition 20ISBN: 978-0077660895 Exercise 20
Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment, $3.5 trillion coming from government expenditures, and $500 billion coming from net exports. Also suppose that across the whole economy, depreciation (consumption of fixed capital) totals $1 trillion. From these figures, we see that net domestic product equals:
A) $17.0 trillion.
B) $16.0 trillion.
C) $15.5 trillion.
D) None of the above.
A) $17.0 trillion.
B) $16.0 trillion.
C) $15.5 trillion.
D) None of the above.
Explanation
Taking the figure in...
Macroeconomics 20th Edition by Campbell McConnell,Stanley Brue,Sean Flynn
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