The Following Are National Income Account Data for a Hypothetical

question 37

Multiple Choice

The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050) , personal consumption expenditures ($4,800) , imports ($370) ,
Exports ($240) , and gross private domestic investment ($1,130) . What is GDP for this economy?

• A) $7,220 billion
• B) $6,980 billion
• C) $6,850 billion
• D) $6,610 billion

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Definitions:

Escape Learning

A form of learning where the subject acquires a response to avoid an unpleasant or aversive stimulus.

Aversive Stimulation

A process involving the use of unpleasant stimuli to reduce or eliminate undesirable behaviors.

Response

A response to a certain trigger or scenario that may manifest physically, emotionally, or in actions.

Organism

A living entity that can function independently, such as an animal, plant, or microorganism.