Use the Following Data to Calculate GDP: Consumption = $5,000;

question 173

Multiple Choice

Use the following data to calculate GDP: consumption = $5,000; gross investment = $800; government purchases = $700; exports = $30; imports = $60; transfer payments = $340.

• A)GDP = $7,400
• B)GDP = $7,740
• C)GDP = $3,140
• D)GDP = $6,200
• E)GDP cannot be determined due to insufficient data

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Definitions:

Organizations

Structured groups of individuals working together to achieve common goals.

Unrealistically High

Describing expectations or goals that are excessively ambitious and difficult or impossible to achieve.

Sympathetic Nervous System

Part of the autonomic nervous system that controls the body's responses to perceived threats, including the fight or flight response.

Cortex

The outer layer of the cerebrum of the mammalian brain, involved in various high-level brain functions such as perception, thought, memory, and decision making.