Solved

For a Hypothetical Economy in a Given Year, GDP Equaled

Question 15

Multiple Choice

For a hypothetical economy in a given year, GDP equaled $1,170, consumption equaled $482, investment equaled $286, goods exported equaled $198, and goods imported equaled $57. What did government spending equal?


A) $402
B) Not enough information is given.
C) $543
D) $261
E) $147

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Q10: Which of the following statements is true?<br>A)The

Q11: GDP can be calculated by adding the

Q12: In a hypothetical economy, a market basket

Q13: The numbers one finds when one measures

Q14: Determine in which spending category, if any,

Q16: The CPI is a measure of<br>A)the price

Q17: You buy a shirt made in Vietnam.

Q18: A measure of production that corrects for

Q19: National saving is defined as<br>A)income less consumption

Q20: A rise in nominal GDP indicates that