If the Total GDP in 2011 Was $1302 Billion, Where

question 35

Multiple Choice

If the total GDP in 2011 was $1302 billion, where consumption expenditure equals $713 million, investment = $285 million, government = $308, the net exports would:

• A)be 0.4% of the total GDP
• B)equal $5 million
• C)both a and b
• D)have been negative as import spending is greater than export receipts

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Definitions:

William Howe

A British Army officer who served as Commander-in-Chief of British forces during the early years of the American Revolutionary War, known for his command in the Battle of Bunker Hill and the capture of Philadelphia.

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The conflict between the Thirteen American Colonies and Great Britain from 1775 to 1783, resulting in American independence.

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A term referring to citizens or residents of the United States who have total or partial ancestry from any of the black racial groups of Africa.