Given the Following Data for the Economy,compute the Value of GDP

question 39

Multiple Choice

Given the following data for the economy,compute the value of GDP. $$\begin{array} { | l l | } \hline \text { Government purchases of goods and services } & 10 \\\text { Consumption Expenditures } & 70 \\\text { Exports } & 5 \\\text { Imports } & 12 \\\text { Change in inventories } & - 7 \\\text { Construction of new homes and apartments } & 15 \\\text { Sales of existing homes and apartments } & 22 \\\text { Government payments to retirees } & 17 \\\text { Business fixed investment } & 9 \\\hline\end{array}$$

• A)56
• B)83
• C)90
• D)141

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Definitions:

Ethical Principle

Fundamental norms and values that guide moral conduct and decision-making.

Managed Care

A health care delivery system aimed at managing costs, utilization, and quality of care.

Insurance Benefits

Payments or services provided by insurance companies to policyholders in the event of an insured event or as a contractual arrangement.

Employee Assistance Program

Workplace-initiated programs that provide confidential resources and support to employees dealing with personal or work-related issues.