Use the Following Data to Calculate GDP: Consumption = $2,000;

question 159

Multiple Choice

Use the following data to calculate GDP: consumption = $2,000; gross investment = $600; government purchases = $500; net exports = -$40; transfer payments = $340.

• A)GDP = $2,720
• B)GDP = $3,060
• C)GDP = $3,140
• D)GDP = $3,400
• E)GDP cannot be determined due to insufficient data

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Definitions:

Vendors

Companies or individuals that sell goods or services to consumers or other businesses.

Value-Driven Culture

An organizational culture that emphasizes and prioritizes core values in its decision-making, behavior, and strategy, fostering a unified and principled workforce.

Classical Approaches

Traditional methods or theories in fields such as management, focusing on hierarchical structure, efficiency, and the division of labor.

Behavioural Approaches

Psychological strategies or treatments that focus on modifying observable actions and behaviors as a means to improve mental health and well-being.