In a Small Economy,consumption Spending in 2012 Is $6,000,government Spending

question 107

Multiple Choice

In a small economy,consumption spending in 2012 is $6,000,government spending is $1,200,gross investment is $1,500,exports are $2,000,and imports are $1,000.What is gross domestic product in 2012?

• A) $9,700
• B) $9,800
• C) $10,800
• D) $11,700

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Definitions:

Actual Distance

the physical length measured between two points, often using standard units of measurement like meters or miles.

Magnification

An exaggeration or overestimation of the importance or size of something, often seen as a cognitive distortion in psychology.

Optical Illusion

Visual perceptions that differ from objective reality, often involving misleading or distorted images that the brain interprets in a manner that diverges from the physical measurement of the stimulus source.

Optical Illusion

A visual phenomenon where what we perceive differs from objective reality, often due to the brain's interpretation of visual information.