Use the Following Data to Calculate GDP: Consumption = $2,000;

question 159

Multiple Choice

Use the following data to calculate GDP: consumption = $2,000; gross investment = $600; government purchases = $500; net exports = -$40; transfer payments = $340.

• A)GDP = $2,720
• B)GDP = $3,060
• C)GDP = $3,140
• D)GDP = $3,400
• E)GDP cannot be determined due to insufficient data

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