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In a given year, an economy produces the following: $6 trillion worth of consumer goods, $1 trillion worth of investment goods, $2 trillion worth
In a given year, an economy produces the following: $6 trillion worth of consumer goods, $1 trillion worth of investment goods, $2 trillion worth of government services, $3 trillion worth of exports, and $2 trillion worth of imports. Therefore, total GDP is: (HINT: Refer to our class jobs/spending formula.)
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