In a Given Year,a Country's GDP = $9841,net Factor Payments

question 23

Multiple Choice

In a given year,a country's GDP = $9841,net factor payments from abroad = $889,taxes = $869,transfers received from the government = $296,interest payments on the government's debt = $103,consumption = $8148,and government purchases = $185.The country had government saving equal to

• A)$285.
• B)$3850.
• C)$2397.
• D)$2112.

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Definitions:

Major Exports

Products or services that a country sells to others, which constitute a significant portion of its total exports and are crucial to its economy.

Production Resource Intensities

A term used to describe the amount of resources (labor, materials, energy) required to produce a specific good or service.

Goods and Services

The tangible products (goods) and intangible activities (services) that are produced and consumed by the economy.

Blocking Imports

Policy measures taken to restrict the importation of goods from foreign countries.