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Using the Table Below,calculate GDP for a Particular Year Based on the Above Information,GDP in This Year Was
A)

Question 61

Multiple Choice

Using the table below,calculate GDP for a particular year.
 Wages and salaries $2,000 Government purchases of goods and services $500 Exports $800 Rental income $300 Consumption spending $3,000 Transfer payments $300 Private investment spending $600 Profit $1,200 Imports $600 Interest income $800 Purchases of corporate stock $500\begin{array}{l|r}\text { Wages and salaries } & \$ 2,000 \\\hline \text { Government purchases of goods and services } & \$ 500 \\\hline \text { Exports } & \$ 800 \\\hline \text { Rental income } & \$ 300 \\\hline \text { Consumption spending } & \$ 3,000 \\\hline \text { Transfer payments } & \$ 300 \\\hline \text { Private investment spending } & \$ 600 \\\hline \text { Profit } & \$ 1,200 \\\hline \text { Imports } & \$ 600 \\\hline \text { Interest income } & \$ 800 \\\hline \text { Purchases of corporate stock } & \$ 500\end{array}

Based on the above information,GDP in this year was


A) $4,100
B) $4,300
C) $4,400
D) $4,600
E) $4,900

Correct Answer:

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