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Consumers in a small economy spend $55,000 on goods and services annually. Also annually, investment is $12,000, government spending is $7,000, exports are $400, and
Consumers in a small economy spend $55,000 on goods and services annually. Also annually, investment is $12,000, government spending is $7,000, exports are $400, and imports are $400. What is the value of GDP in this economy? Provide your answer below
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Intermediate Microeconomics
Authors: Hal R. Varian
9th edition
978-0393123975, 393123979, 393123960, 978-0393919677, 393919676, 978-0393123968
