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

question 61

Multiple Choice

Using the table below,calculate GDP for a particular year.
$\begin{array}{l|r}\text { Wages and salaries } & \$ 2,000 \\\hline \text { Government purchases of goods and services } & \$ 500 \\\hline \text { Exports } & \$ 800 \\\hline \text { Rental income } & \$ 300 \\\hline \text { Consumption spending } & \$ 3,000 \\\hline \text { Transfer payments } & \$ 300 \\\hline \text { Private investment spending } & \$ 600 \\\hline \text { Profit } & \$ 1,200 \\\hline \text { Imports } & \$ 600 \\\hline \text { Interest income } & \$ 800 \\\hline \text { Purchases of corporate stock } & \$ 500\end{array}$

Based on the above information,GDP in this year was

• A) $4,100
• B) $4,300
• C) $4,400
• D) $4,600
• E) $4,900

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Definitions:

Actual Product Performance

The real-life functionality and effectiveness of a product as experienced by the user, which can influence customer satisfaction and brand loyalty.

Product Perception

The way consumers view or understand a product based on its attributes, quality, and overall brand image.

Circular Relationship

An interdependent relationship where two or more elements are related in such a way that each one influences or is influenced by the others, often creating a cycle.

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