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In a Certain Economy in 2005,households Spent $1,000 on Goods

question 54

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In a certain economy in 2005,households spent $1,000 on goods and services;purchases of capital equipment,inventories,and structures amounted to $350;government spent $450 on goods and services;and the value of imports exceeded the value of exports by $50.It follows that 2005 GDP for this economy was

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Definitions:

Least-expensive Benefits Package

A benefits plan that offers the minimum required level of benefits at the lowest possible cost to the employer.

HR Department

The division within an organization responsible for overseeing employment-related matters, including recruitment, training, benefits, and compliance with labor laws.

Sick Leave Programs

Employer-provided benefits that allow employees to take time off work with pay when they are ill, to ensure health recovery without the loss of income.

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