Author Question: In a small economy, consumption spending is 6,000, government spending is 1,200, gross investment is ... (Read 163 times)

maychende · **on:** Jun 29, 2018

In a small economy, consumption spending is 6,000, government spending is 1,200, gross investment is 1,500, exports are 2,000, and imports are 1,000. What is gross domestic product?

A) 9,700 B) 9,800 C) 10,800 D) 11,700

Question 2

If inventories decline by more than analysts predict they will decline, this implies that

A) actual investment spending was equal to than planned investment spending.
B) there is no relationship between actual investment spending and planned investment spending.
C) actual investment spending was greater than planned investment spending.
D) actual investment spending was less than planned investment spending.