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In 2011, Consumption Spending Is $7,000, Government Purchases of Goods

question 176

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In 2011, consumption spending is $7,000, government purchases of goods and services is $2,000, and investment spending is $1,500. If GDP for 2011 is $10,300, exports are _____ and imports are _____.

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Definitions:

Entrepreneurs

Individuals who create, launch, and manage new businesses, taking on financial risks in the hope of profit.

Resources

Assets, people, or materials that an organization or individual has available for use to achieve goals.

Entrepreneur Outlook

The perspective or approach an entrepreneur has towards business opportunities, challenges, and the future of their venture.

United States

A country located in North America, known for being a federal republic composed of 50 states, a federal district, five major self-governing territories, and various possessions.

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