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Author Question: The Components of GDPIn a small economy, nominal GDP is $28,000. Gross private domestic investment ... (Read 79 times)

elarge

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Question 1

The Components of GDP

In a small economy, nominal GDP is $10,000.  Consumption spending is $6500, government purchases are $1100, and net exports are $400. What is the value of gross private domestic investment?
◦ -$2000
◦ $15,000
◦ $2000
◦ $5000

Question 2

The Components of GDP

In a small economy, nominal GDP is $28,000.  Gross private domestic investment is $12,000, government purchases are $5400, and net exports are -$1200. What is the value of consumption spending?
◦ $35,800
◦ $7800
◦ -$11,800
◦ $11,800


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Marked as best answer by elarge on Nov 23, 2022

Karla347

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elarge

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Reply 2 on: Nov 23, 2022
Gracias!


miss.ashley

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Reply 3 on: Yesterday
YES! Correct, THANKS for helping me on my review

 

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