Question
Consider that Country A has export sales of $15 billion, import purchases of $5 billion, government spending of $1,500 billion, business investment of $75 billion,
Consider that Country A has export sales of $15 billion, import purchases of $5 billion, government spending of $1,500 billion, business investment of $75 billion, and consumption spending of $2,500 billion. What is the dollar value of GDP for Country A? If the GDP deflator of Country A was 120, what is the real GDP?
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Physics
Authors: James S. Walker
5th edition
978-0133498493, 9780321909107, 133498492, 0321909100, 978-0321976444
