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The Following Are National Income Account Data for a Hypothetical

Question 73

Multiple Choice

The following are national income account data for a hypothetical economy in billions of dollars: gross investment ($320) ; imports ($35) ; exports ($22) ; personal consumption expenditures ($2,460) ; and, government purchases ($470) .What is GDP in this economy?


A) $3,237 billion
B) $3,263 billion
C) $3,273 billion
D) $3,290 billion

Correct Answer:

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