The following national income accounting data for the year 2009 are available for a country. All data are in billion dollars. Category Value Personal Consumption
The following national income accounting data for the year 2009 are available for a country. All data are in billion dollars. Category Value Personal Consumption Expenditure $8,400.00 Residential Investment 720.00 Nonresidential Investment 1,080.00 Government Purchases 2,400.00 Changes in Business Inventories - 35.00 Net Exports -600.00 For this country, GDP = $ billion
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered 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
