Consider Country S: In 2019, Country S had $700 billion in consumption spending, $100 billion dollars...
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Consider Country S: In 2019, Country S had $700 billion in consumption spending, $100 billion dollars in government consumption, $200 billion in business investment, $80 billion in intermediate goods, $10 billion in exports, and $20 billion in imports. In addition, $30 billion of used goods were sold and $90 billion was collected in taxes. Net factor paymets were $20 billion. Using the expenditure approach to GDP, calculate the GDP of Country S in 2019: a. $940 billion b. $950 billion c. $990 billion d. $1,040 billion ($1.040 Trillion) e. $1,060 billion ($1.050 Trillion) f. $1,070 billion ($1.070 Trillion) g. $1,090 billion ($1.090 Trillion) Consider Country S: In 2019, Country S had $700 billion in consumption spending, $100 billion dollars in government consumption, $200 billion in business investment, $80 billion in intermediate goods, $10 billion in exports, and $20 billion in imports. In addition, $30 billion of used goods were sold and $90 billion was collected in taxes. Net factor paymets were $20 billion. Using the expenditure approach to GDP, calculate the GDP of Country S in 2019: a. $940 billion b. $950 billion c. $990 billion d. $1,040 billion ($1.040 Trillion) e. $1,060 billion ($1.050 Trillion) f. $1,070 billion ($1.070 Trillion) g. $1,090 billion ($1.090 Trillion)
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Managing Business Ethics Making Ethical Decisions
ISBN: 9781506388595
1st Edition
Authors: Alfred A. Marcus, Timothy J. Hargrave
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