The Next Questions Refer to the Following Hypothetical Economy

question 2

Multiple Choice

The next questions refer to the following hypothetical economy.
A nation produces 1000 units of output. It sells 800 of these to domestic consumers at a price of $4 per unit, and exports the remaining 200 units to countries overseas at a price of $5 per unit. The country also imports 100 units of another good at a price of $6 per unit. There is neither investment nor government expenditure in this economy.
-This country's gross domestic product,as measured by expenditure,is

• A) 3600
• B) 3900
• C) 3700
• D) 2500
• E) 2700

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Definitions:

Broker

A person or firm that acts as an intermediary between buyers and sellers, usually for a fee or commission.

Business Consultants

Professionals who provide expert advice in a particular area of business, such as management, operations, or marketing, to help organizations improve performance.

Index

A statistical measure or indicator often used in finance to represent the performance of a group of assets or a sector of the market.

Interpret

To explain or provide the meaning of something, often requiring analysis or understanding of context.