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Question 14 Assume the following accounts and amounts were reported by a nation last year: Government purchases of goods and services were $7.0 billion; personal
Question 14 Assume the following accounts and amounts were reported by a nation last year: Government purchases of goods and services were $7.0 billion; personal consumption expenditures were $41.5 billion; gross private domestic investment amounted to $20 billion; personal savings were estimated at $2 billion; imports of goods and services amounted to $7.6 billion; and the exports of goods and services were $5 billion. (a) * Your answer is incorrect. Try again. Determine the nation's gross domestic product. (Enter amount in billion. Round answer to 1 decimal place, e.g. 527.5.) X Gross domestic product (GDP) 67.9 || billion LINK TO TEXT Attempts: 1 of 2 used
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