Multiple Choice
Given the following data for an economy,compute the value of GDP.
Consumption expenditures
1000
Imports
600
Government purchases of goods and services
700
Construction of new homes and apartments
500
Sales of existing homes and apartments
600
Exports
500
Government payments to retirees
200
Household purchases of durable goods
300
Beginning-of-year business inventory
500
End-of-year business inventory
600
Business fixed investment
300
A) 2,400.
B) 2,500.
C) 2,600.
D) 2,700.
E) 5,600.
Correct Answer:

Verified
Correct Answer:
Verified
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