Question
Assume an economy that presents, in a given year, the following values for each of the variables below: wages: 500 rents: 300 interest: 50 profits:
Assume an economy that presents, in a given year, the following values for each of the variables below:
wages: 500
rents: 300
interest: 50
profits: 80
depreciation: 0
personal consumption: 700
government consumption: 200
stock variation: 100
exports: 100
imports: 180
indirect taxes: 200
Gross fixed capital formation: unknown positive value
What will be the value of the GDP (at current prices) of this economy in that year?
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Macroeconomics
Authors: Stephen d. Williamson
5th edition
132991330, 978-0132991339
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