Question 38 38. In the gross domestic product, the largest dollar amount is: ? government purchases of goods and services. ?rential payments. ? consumer spending. ? gross private domestic investment.
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1. Country A has export sales of 20 billion dollar, government purchases of 1,000 billion dollar, business investment is 50 billion dollar, imports are 40 billion dollar, and consumption spending is 2,000 billion dollar. What is the dollar value of GDP?
Haricharan G.
Government purchases of goods and services: 10 Consumption Expenditures: 70 Exports: 12 Imports: 0 Change in inventories: 15 Construction of new homes and apartments: 15 Sales of existing homes and apartments: 17 Government payments to retirees: 0 Business fixed investment: 0
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