Which of the Following Would Result in GDP for an Economy

question 108

Multiple Choice

Which of the following would result in GDP for an economy equal to $10 trillion?

• A) C = $6 trillion I = $2 trillion
• G = $1.5 trillion
• NX = -$2 trillion
• B) C = $7 trillion I = $2 trillion
• G = $4 trillion
• NX = $3 trillion
• C) C = $5 trillion I = $5 trillion
• G = $2 trillion
• NX = -$2 trillion
• D) C = $4 trillion I = $3 trillion
• G = $2 trillion
• NX = -$1 trillion

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Definitions:

Future Value

The amount of money an investment is expected to grow to over a period at a specified rate of interest or return.

Interest Factors

Mathematical factors used to calculate the future or present value of cash flows based on an interest rate.

Compound Interest

Interest on a loan or deposit calculated based on both the initial principal and the accumulated interest from previous periods.