ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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Q1

The following are national income account data for a hypothetical economy in billions of dollars: gross investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, government
purchases ($470). What is GDP in this economy?
Multiple Choice
$3.273 billion
$3.290 billion
$3,263 billion
$3,237 billion
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Transcribed Image Text:The following are national income account data for a hypothetical economy in billions of dollars: gross investment ($320); imports ($35); exports ($22); personal consumption expenditures ($2,460); and, government purchases ($470). What is GDP in this economy? Multiple Choice $3.273 billion $3.290 billion $3,263 billion $3,237 billion
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