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Use the Following Data to Calculate GDP: Consumption = $2,000;

Question 159

Multiple Choice

Use the following data to calculate GDP: consumption = $2,000; gross investment = $600; government purchases = $500; net exports = -$40; transfer payments = $340.


A) GDP = $2,720
B) GDP = $3,060
C) GDP = $3,140
D) GDP = $3,400
E) GDP cannot be determined due to insufficient data

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