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Problem 3: Calculate GDP in this simple economy, (5 points) For the year 2008, consumer purchases totaled $100. The country had $50 in total exports

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Problem 3: Calculate GDP in this simple economy, (5 points) For the year 2008, consumer purchases totaled $100. The country had $50 in total exports and $70 in total imports. Government purchases were $20. Consumers acquired $80 in stocks and bonds. Companies purchased $20 in machines and $45 in equipment

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