D North Central Texas Coll: x \\McGraw-Hill Connect Secure I https://new cor Con

Question

D North Central Texas Coll: x McGraw-Hill Connect Secure I https://new cor Connect × chegg Study l Guided x C connect.htrri Assignment Ch. 7 Help Save & Exit Submit Check my work 3 The followlng table shows the data for a hypothetical economy In a specific year. All figures are In blllons of dollars. Category Value Personal Purchases of stocks and bonds Net exports Goverrieril purchases Sales of secondhand items Gross ivestrient 6.65 points 30 20 eBook References Instructions: Enter your answer as a whole number What is the country's GDP for the year? Sbillion Pre3 of 6 Next > 2:01 PM Type here to search

Explanation / Answer

The answer for this would be as follows: -

GDP= Personal Consumption Expenditures+Gross Investment+Government Purchases+Net Exports

GDP= 80+25+20-10

GDP= 115

Hence, the GDP is $115 billion

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