If Consumption Expenditures Are $500 Million, Net Investment Is $100

question 280

Multiple Choice

If consumption expenditures are $500 million, net investment is $100 million, depreciation equals
$5 million, imports are $50 million, exports are $55 million, government expenditure on goods and services is $220 million, and government transfer payments are $20 million, then GDP is

• A) $830 million.
• B) $800 million.
• C) $790 million.
• D) $850 million.

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Definitions:

Tim Hortons

A Canadian multinational fast food restaurant chain known for its coffee and doughnuts.

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An assessment or measurement of the safety features and performance of vehicles, equipment, or facilities, often used to guide consumer choices.

Statistic

A numerical characteristic or measure derived from a sample of data.