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1. In an imaginary economy of Peachland in 2022, consumption was $15,000, government purchases were $5,000, imports were $2,000, exports were 1,000 and investment was
1. In an imaginary economy of Peachland in 2022, consumption was $15,000, government purchases were $5,000, imports were $2,000, exports were 1,000 and investment was $6,000. Based on this information calculate their Gross Domestic Product. Make sure to provide the proper equation and the necessary steps involved in solving such questions
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