The following information is available for economic activity for year 1:
In billions
Financial transactions $60
Second-hand sales 50
Consumption by households 40
Investment by businesses 30
Government purchases of goods and services 20
Net exports 10
What amount is the gross domestic product for year 1?

Answer rating: 100% (QA)

To calculate the gross domestic product GDP for year 1we need to ... View the full answer