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Suppose That in 2018, the Net National Income in Madeupistan

Question 193

Multiple Choice

Suppose that in 2018, the net national income in Madeupistan was $20 billion, depreciation was $1.5 billion, personal taxes were $2 billion, and transfer payments were $1 billion.Gross domestic product in 2018 is


A) $18.5 billion.
B) $21.5 billion.
C) $22 billion.
D) $24.5 billion.
E) $30 billion.

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