In a Small Economy for 2017, Final Consumption Spending $6,000

question 240

Multiple Choice

In a small economy for 2017, final consumption spending $6,000, inventory investment is $1,200, gross fixed capital formation is $1,500, exports are $2,000, and imports are $1,000.What is gross domestic product in 2017?

• A)$9,700
• B)$9,800
• C)$10,800
• D)$11,700
• E)$15,700

---

Definitions:

Cohesion

Cohesion refers to the bond that holds a group together, stemming from members' sense of belonging, mutual support, and shared goals.

Go Round

A term that can refer to a process or action happening again in a cyclical manner.

Interaction Patterns

Recurring ways in which individuals interact and communicate with each other in a particular context.

Status

The relative social, professional, or other standing of someone or something within a society or group.