Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Suppose we have the country of Marilyn-stan. Further suppose that for the year 2023 we have the following: People in Marilyn-stan spend $30,000,000 on food
Suppose we have the country of Marilyn-stan. Further suppose that for the year 2023 we have the following: People in Marilyn-stan spend $30,000,000 on food and cars produced in Marilyn-stan in 2023. Firms in Marilyn-stan spend $70,000,000 on equipment made in Marilyn-stan in 2023. Government in Marilyn-stan spends $50,000,000 on uniforms produced in Marilyn-stan in 2019. People in the country of Cecilia-opolis spend $60,000,000 on goods produced in Marilyn-stan in 2023. People in Marilyn-stan also spend $25,000,000 on food and cars produced in Cecilia-opolis in 2023. People in Cecilia-opolis spend $33,000,000 on food and cars produced in Cecilia-opolis in 2023. For the country of Marilyn-stan, what percent of GDP in 2023 is consumption? Group of answer choices 26.2% 29.7% 34.3% 40.7%
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started