Use the following data on the economy of Iberia to work Problems. Net taxes $18 billion
Question:
Use the following data on the economy of Iberia to work Problems.
• Net taxes $18 billion
• Government expenditure $20 billion
• Saving $15 billion
• Consumption expenditure $67 billion
• Investment $21 billion
• Exports $30 billion
Calculate Iberia’s GDP.
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