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Category Value Personal consumpction $ 10 billion Nonresidential investment $ 3 billion Residential investment $ 1 billion Government consumption and investment $ 3.5 billion Exports
Category Value Personal consumpction $ 10 billion Nonresidential investment $ 3 billion Residential investment $ 1 billion Government consumption and investment $ 3.5 billion Exports $ 0.5 billion Imports $ 0.5 billion Consider the data for a small economy located in the table above. Assuming there were no changes in private inventories, what is the GDP of this country? Multiple Choice $16.5 billion $17.5 billion $18.0 billion $18.5 billion
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