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3 of 10, Step 1 of 1 Consider the following information for a small economy: . Consumption: $2,750,000 . Investment: $1,050,000 . Government purchases: $1,400,000

3 of 10, Step 1 of 1 Consider the following information for a small economy: . Consumption: $2,750,000 . Investment: $1,050,000 . Government purchases: $1,400,000 . Net exports: $850,000 . Depreciation: $605,000 . Payments from the rest of the world: $55,000 . Payments to the the rest of the world: $100,000 . Population: 2,500 people What is this country's standard of living? Round your answer to the nearest whole number and enter it in the box

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