Using the Table Below,calculate GDP for a Particular Year Based on the Above Information,GDP in This Year Was
A)

question 159

Multiple Choice

Using the table below,calculate GDP for a particular year.
$\begin{array}{|l|r|}\hline \text { Consumption spending } & \$ 1,000 \\\hline \text { Wages and salaries } & \$ 800 \\\hline \text { Rent } & \$ 100 \\\hline \text { Government purchases } & \$ 200 \\\hline \text { Profit } & \$ 300 \\\hline \text { Expoits } & \$ 400 \\\hline \text { Interest } & \$ 250 \\\hline \text { Private investment spending } & \$ 400 \\\hline \text { Imports } & \$ 550\end{array}$
Based on the above information,GDP in this year was

• A) $1,450
• B) $2,000
• C) $2,550
• D) $2,900
• E) $4,000

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Definitions:

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The process by which individuals learn to categorize information into defined groups, based on common features or rules.

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The process by which an association between two stimuli or a behavior and a stimulus is learned.

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A method of statistical inference used to decide whether a data set provides significant evidence against a given hypothesis.

Cognition

refers to the mental processes involved in acquiring knowledge and understanding through thought, experience, and the senses.