In a Given Year, an Economy Has Consumption of $7000

question 69

Multiple Choice

In a given year, an economy has consumption of $7000, investment of $3000, government purchases of $2500, exports of $2500, imports of $1000, taxes of $1200, transfer payments of $1400, and depreciation of $1300. What is the GDP?

• A) $10 100
• B) $11 100
• C) $12 400
• D) $14 000

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Definitions:

You-attitude

A writing or communication style that focuses on the needs, interests, and concerns of the audience, emphasizing empathy and a positive relationship with the reader.

Goodwill

The intangible asset that arises when a business is acquired for more than the fair market value of its net assets, often related to the company's brand, customer base, and reputation.

Incomplete Information

Refers to a situation or dataset where certain facts, details, or pieces of data are missing, potentially affecting decision-making or analysis.

Impersonal Construction

Grammatical structures in a language that do not refer to a specific subject, often used to express general truths or actions without specifying who performs the action.