3. If in some country personal consumption expenditures in a specific year are $50 billion, purchases of

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3. If in some country personal consumption expenditures in a specific year are $50 billion, purchases of stocks and bonds are

$30 billion, net exports are − $10 billion, government purchases are $20 billion, sales of secondhand items are $8 billion, and gross investment is $25 billion, what is the country’s GDP for the year? LO27.2

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Economics

ISBN: 9781259723223

21st Edition

Authors: Campbell McConnell, Stanley Brue, Sean Flynn

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