6. Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross

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6. Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross investment,

$3.5 trillion coming from government expenditures, and $500 billion coming from net exports. Also suppose that across the whole economy, depreciation (consumption of fixed capital)

totals $1 trillion. From these figures, we see that net domestic product equals: LO7.4

a. $17.0 trillion.

c. $15.5 trillion.

b. $16.0 trillion.

d. None of the above.

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Macroeconomics

ISBN: 9781259915673

21st Edition

Authors: Campbell McConnell, Stanley Brue , Sean Flynn

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Question Posted: Sep 28, 2024 07:00 AM

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6. Suppose GDP is $16 trillion, with $10 trillion coming from consumption, $2 trillion coming from gross

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Macroeconomics

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