Question
1.Use the table below to answer the question that follows. Economic variable Amount in billion Rands Consumption R3 000 Government purchase of goods and services
1.Use the table below to answer the question that follows.
Economic variable
Amount in billion Rands
Consumption
R3 000
Government purchase of goods and services
R1 000
Gross private investments
R700
Depreciation
R300
Exports
R300
Imports
R500
Indirect business taxes
200
What is the value of gross domestic product?
A.R4 200
B.R4 300
C.R5 000
D.R4 000
E.R4 500
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Principles of Economics
Authors: Robert Frank, Ben Bernanke
5th edition
73511404, 978-0073511405
