Suppose during the course of a year an economy produces $20 trillion of consumer goods, $5 trillion of investment goods, $10 trillion in government services, and has $6 trillion of exports and $4 trillion of imports. For this economy, GDP would be:
a.$45 trillion.
b.$37 trillion.
c.$35 trillion.
d.$33 trillion.
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Suppose during the course of a year an economy produces $20 trillion of consumer goods, $5 trillion of investment goods, $10 trillion in ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Which of the following taxes is not removed from your paychecks automatically
Answers (1)
he gross profit ratio measures: Multiple Choice The amount by which the sale of inventory exceeds its cost per dollar of sales. The ratio of net income to net sales. How many times during the year a company sells its average inventory balance.
Answers (1)
Gary inherited a maine summer cabin on 10 acres from his grandmother. his grandparents originally purchased the property for $500 in 1950 and built the cabin at a cost of $10,000 in 1965.
Answers (1)
An increase in U. S. federal government budget deficits that raises U. S. interest rates relative to the rest of the world should A. raise the trade balance. B. lead to a current account deficit. C. increase net exports. D.
Answers (1)
A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals: Multiple Choice $546,250. $426,250.
Answers (1)
New Questions in Business
A client's condition has resulted in a decrease in work demands of most cells in the body. Which change within the cell will likely result from this decrease in work?
Answers (1)
At the scene of the crime, the evidence collector found a damp, bloody shirt. the evidence collector quickly wrapped the shirt in a paper bindle. he inserted the paper bindle with the shirt into an evidence bag.
Answers (1)
What may managers rely on to decide if they'd like to interview a candidate in person?
Answers (1)
How are direct lending and dealer financing similar? And which is the better option?
Answers (1)
Suppose that a worker in Tabletland can produce either 4 tablets or 1 television per year, and a worker in Ledville can produce either 2 tablets or 4 televisions per year. Each nation has 50 workers.
Answers (2)