Using the formula C+I+G+ (X-M)= GDP calculate the nation's gross domestic product (GDP). C= 11.2B, I=...

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Using the formula C+I+G+ (X-M)= GDP calculate the nation's gross domestic product (GDP). C= 11.2B, I= 2.9B, G= 5B, X= 2.2B, M= 2.8B Your answer Which of the following factors may NOT be essential for economic growth? Capital deepening Human capital O Natural resources O Technology and innovation All of the following statements are false except People who pay higher taxes receive more public goods Public goods are a major source of tax revenue Tax revenue is used to pay for public goods Those who benefit the least from public goods pay the lowest taxes 5 points 5 Using the formula C+I+G+ (X-M)= GDP calculate the nation's gross domestic product (GDP). C= 11.2B, I= 2.9B, G= 5B, X= 2.2B, M= 2.8B Your answer Which of the following factors may NOT be essential for economic growth? Capital deepening Human capital O Natural resources O Technology and innovation All of the following statements are false except People who pay higher taxes receive more public goods Public goods are a major source of tax revenue Tax revenue is used to pay for public goods Those who benefit the least from public goods pay the lowest taxes 5 points 5

Answer rating: 100% (QA)

SOLUTION Question 1 GIVEN GDP CIGXM Consumption C 112B Investment I 29B Government expenditure G 5B ... View the full answer