Consider a country with a consumption of $485 billion, an investment of $175 billion, government purchases of
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Question:
Consider a country with a consumption of $485 billion, an investment of $175 billion, government purchases of $176 billion, government transfer payments of $24 billion, exports of $19 billion and imports of $40 billion for the year 2020. Calculate country's total GDP for the year 2020 ?
Expert Answer:
The Gross Domestic Product GDP of a country is the monetary value of all finished goods and services ... View the full answer
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