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In a Certain Economy in 2005,households Spent $1,000 on Goods

Question 54

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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.

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