In 2008, consumption spending (C) is $7,000, government spending (G) is $2,000,

Question

In 2008, consumption spending (C) is $7,000, government spending (G) is $2,000, transfer payments are $400, and investment spending (I) is $1,500. If GDP for 2008 is $10,700, then which of the following could be true:

exports are $100 and imports are $200.

exports are $400 and imports are $100.

exports are $600 and imports are $800.

exports are $500 and imports are $300.

exports are $100 and imports are $200.

exports are $400 and imports are $100.

exports are $600 and imports are $800.

exports are $500 and imports are $300.

Explanation / Answer

exports are $500 and imports are $300.

Related Questions

Navigate

• Browse (All)
• Browse I
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.