If Consumption Is $8 Billion, Investments Is $4 Billion, Government

question 96

Multiple Choice

If consumption is $8 billion, investments is $4 billion, government purchases are $2 billion, imports are $1 billion, and exports are $2 billion, GDP must equal:

• A) $16 billion.
• B) $17 billion.
• C) $15 billion.
• D) $14 billion.

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Definitions:

Perceptual Categorizations

The process by which the brain groups sensory inputs into recognizable categories.

Nativist Philosopher

An individual who theorizes that certain skills or abilities are innate and not acquired through learning.

Immanuel Kant

An 18th-century German philosopher who made significant contributions to various areas of philosophy, especially in epistemology, ethics, and aesthetics.

Innate Categories

Fundamental classifications or concepts that are presumed to be naturally pre-existing in the human mind.