In a Small Economy,consumption Spending Is $6,000,government Purchases Are $1,200,gross

question 85

Multiple Choice

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

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

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Definitions:

Opinion

A personal belief, judgment, or viewpoint that may not be supported by evidence or factual information.

Customer Benefit

The value or advantage that a customer receives from using a product or service, often leading to their satisfaction and loyalty.

SPIN

is a sales technique model that stands for Situation, Problem, Implication, and Need-payoff, guiding salespersons to ask questions leading to a sale.

Shock Approach

A technique used in sales and marketing to grab attention by surprising or startling the potential customer.