Multiple Choice
Last year in Candamica, consumption expenditure was $20 billion, interest, rent, and profit were $2.5 billion, government expenditure on goods and services was $7 billion, net exports of goods and services was $5 billion, and investment was $2 billion. Hence total expenditure was
A) $34.5 billion.
B) $36.5 billion.
C) $34 billion.
D) $24.5 billion.
E) undetermined without information about imports.
Correct Answer:

Verified
Correct Answer:
Verified
Q32: To calculate GDP it is necessary to
Q33: In 1961, real GDP totaled $575 billion
Q34: <img src="https://d2lvgg3v3hfg70.cloudfront.net/TB2787/.jpg" alt=" Based
Q35: The U.S. economy is experiencing falling output,
Q36: <span class="ql-formula" data-value="\begin{array}{lllll}&\text { Data for }
Q38: The business cycle has two phases,<br>A)expansion and
Q39: In the business cycle, what immediately precedes
Q40: If we use GDP to measure our
Q41: U.S. real GDP<br>A)is not as accurate as
Q42: Everything else the same, if government expenditure