Question: Using the table below, calculate GDP for a particular year. Wages and salaries $4,000 Government purchases of goods and services $1,000 Exports $1,600 Rental income
Using the table below, calculate GDP for a particular year. Wages and salaries $4,000 Government purchases of goods and services $1,000 Exports $1,600 Rental income $600 Consumption spending $6,000 Transfer payments $600 Private investment spending $1,200 Profit $1,200 Imports $600 Interest income $800 Purchases of corporate stock $500 Question 2 options: a) $7,000 b) $9,200 c) $9,800 d) $10,100
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