If consumption is 1800, GDP is 4300, government purchases are 1000, imports are 700, and investments...
If consumption is 1800, GDP is 4300, government purchases are 1000, imports are 700, and investments is 1200, then exports are 300?
Homework Answers
GDP = Consumption + government expenditure + investment + (Exports - imports)
4300 = 1800 + 1000 + 1200 + (300 - 700) = 4000 - 400 = 3600.
4300 - 3600 = 700.
The above statement is false. For the GDP to be 4300 the exports should be 300 + 700 = 1000.
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If consumption is 1800, GDP is 4300, government purchases are
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