For a hypothetical economy in a given year, consumption equaled $ 5,000, investment equaled $2,000, government spending
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For a hypothetical economy in a given year, consumption equaled $ 5,000, investment equaled $2,000, government spending equaled $ 1,000, exports equaled $2,000 and imports $1,000. Write out the formula used. What is the value of GDP?
Related Book For
Intermediate Accounting principles and analysis
ISBN: 978-0471737933
2nd Edition
Authors: Terry d. Warfield, jerry j. weygandt, Donald e. kieso
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