-Based on the Data in the Above Table, Gross Domestic

question 73

Multiple Choice

$$\begin{array} { | l | l | } \hline \text { Item } & \text { Dollars } \\\hline \begin{array}{l}\text { Personal consumption } \\\text { expenditure }\end{array} & 1500 \\\hline \begin{array}{l}\text { Gros s private domestic } \\\text { inves tment }\end{array} & 355 \\\hline \begin{array}{l}\text { Government } \\\text { expenditure } \\\text { on goods and services }\end{array} & 590 \\\hline \begin{array}{l}\text { Exports of goods and } \\\text { services }\end{array} & 70 \\\hline \begin{array}{l}\text { Imports of goods and } \\\text { services }\end{array} & 50 \\\hline \text { Depreciation } & 200 \\\hline \text { Indirect busines s taxes } & 75 \\\hline\end{array}$$
-Based on the data in the above table, gross domestic product equals

• A) $2,465.
• B) $2,190.
• C) $2,750.
• D) $2,840.

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Definitions:

Existing Product

A product that is already available in the market, as opposed to a new or forthcoming product.

Improved Version

An updated iteration of a product that is enhanced to offer better performance, additional features, or other improvements over the original.

Joint Venture

A business arrangement where two or more parties agree to pool their resources for the purpose of accomplishing a specific task or project.

Local Market Knowledge

Understanding of the specific dynamics, consumer behaviors, and competitive landscape in a particular geographic area.