Question: Is the following statement true or false? Explain your answer. A country's GDP is being measured by expenditure. Various categories of expenditure are recorded as

 Is the following statement true or false? Explain your answer. A

Is the following statement true or false? Explain your answer. A country's GDP is being measured by expenditure. Various categories of expenditure are recorded as follows: . households' spending on consumption = E100bn . firms' spending on capital goods = f15bn . firms' addition to inventories = E1bn . government spending on services = E10bn . government spending on capital goods = f2bn . government transfers (social security etc) = f10bn . exports = f12bn . imports = E10bn. The GDP of this country is E140bn

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