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In this economy, GDP was $5,500, within which Consumption (C), investment (I), and government purchases (G) added up to $5,000. We know that the value
In this economy, GDP was $5,500, within which Consumption (C), investment (I), and government purchases (G) added up to $5,000. We know that the value of imports amounted to 80 per cent of the value of exports. Exports were;
Group of answer choices
A. $1,500 worth of goods and services.
B. $500 worth of goods and services.
C. $2,500 worth of goods and services.
D. $1,000 worth of goods and services.
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