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Assume that the national account of a small island for 2018 showed that the government had received $15 million as revenue and spent $2 million
Assume that the national account of a small island for 2018 showed that the government had received $15 million as revenue and spent $2 million on purchases and expenditures. National investment stood at $4 million, while the island recorded $10 million worth of export with $5 million worth of imports. If the consumption expenditure on nal goods and services by consumers for that year amounted to $8 million, the GDP for that year is closest to: O a. $19 million 0 b. $11 million 0 c. $25 million 0 d. $34 million
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