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8) In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was SIO,729 billion, government spending

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8) In 2011 the United States economy had a GDP of $14,991 billion according to the United Nations. If consumption was SIO,729 billion, government spending was $2,594 billion, and net exports was -$568 billion, how much was investment spending? INCOME APPROACH 9) Each item below describes an item that is part of GDP. Which component of GDP does it fit into? (Remember: Income = Wages + Interest + Rent + Profit) a) After a CEO has paid all of his costs, he gets to keep $3.5 million. A manufacturing plant must make a monthly payment for its loans. C) Employees must work a minimum of 40 hours to get paid a salary. d A coal mining business pays for the land it uses to mine from. IO) In 2011 the United States economy had a GDI (Gross Domestic Income) of approximately $13,548 billion according to the Bureau of Economic Analysis. If wages were $8,340 billion, interest payments were $516 billion, and rent was $430 billion, approximately how much was remaining for profit

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