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Suppose That Consumption Is 9500, Taxes Are 2000, and Government

Question 132

Multiple Choice

Suppose that consumption is 9500, taxes are 2000, and government expenditures are 3500. If national saving is 2500 and the economy is closed, what is the GDP?


A) 13,000
B) 13,500
C) 15,500
D) 17,500

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