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If Personal Consumption Expenditures Are $1 Billion, Government Purchases Are

Question 55

Multiple Choice

If personal consumption expenditures are $1 billion, government purchases are $2 billion, gross private domestic investments are $4 billion and net exports are $5 billion, then GDP is:


A) $12 billion
B) $8 billion
C) $7 billion
D) $2 billion

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