Let us imagine that there is a country which displays the following statistics. C (Consumption) is one-half of GDP, and I (Investment) is one-sixth of GDP. G (Government expenditure) is $2000 larger than investment. The country has a trade deficit of $700. What is the country's approximate GDP?

  

Answer rating: 100% (QA)

Okay lets break this down stepbystep C Consumption is 12 of GDP I Investment is 16 of GDP G Gove... View the full answer