Multiple Choice
In a certain economy in 2005,households spent $1,000 on goods and services;purchases of capital equipment,inventories,and structures amounted to $350;government spent $450 on goods and services;and the value of imports exceeded the value of exports by $50.It follows that 2005 GDP for this economy was
A) $1,750.
B) $1,850.
C) $1,950.
D) $2,100.
Correct Answer:

Verified
Correct Answer:
Verified
Q49: In 2004,U.S.GDP was almost<br>A)$8 trillion.<br>B)$12 trillion.<br>C)$24 trillion.<br>D)$44
Q50: Estimates of the values of which of
Q51: Countries in which the underground or "shadow"
Q53: Which of the following statements about nominal
Q55: U.S.GDP includes estimates of things such as
Q56: GDP may be calculated as either the
Q57: Which of the following is included in
Q58: The information below was reported by the
Q59: The statistical discrepancy that regularly arises in
Q130: A professional gambler moves from a state