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

question 54

Multiple Choice

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

• A)$1,750.
• B)$1,850.
• C)$1,950.
• D)$2,100.

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Definitions:

Immigrant Rights Movement

A social and political movement advocating for the rights and fair treatment of immigrants, focusing on issues such as legal status, labor rights, and humane immigration policies.

Public Disclosure

The process of making information or data known to the public, especially information that was previously kept confidential.

Queer-identified Youth

Young individuals who identify with or are exploring non-heteronormative sexual orientations or gender identities.

Undocumented Immigrant Youth

Young people living in a country without the legal documentation required to establish official residency or citizenship status, often facing unique challenges.