If consumption expenditures are $120 million, net investment is $50 million, imports are $20 million, exports are $10 million, government spending on goods and services is $40 million, Social Security spending is $15 million, and sales of existing homes equals $40 million, then what is the measure of GDP?
A) GDP = $185 million
B) GDP = $200 million
C) GDP = $225 million
D) GDP = $195 million
Correct Answer:
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Q245: Excluding indirect business taxes and depreciation, Gross
Q246: If consumption expenditures are $500 million, spending
Q247: If, in an economy, households receive $200
Q248: All of the following are included in
Q249: The computation of GDP by adding up
Q251: The income approach to measuring GDP
A) adds
Q252: C + net I + G +
Q253: The components of GDP using the income
Q254: The largest component of gross domestic income
Q255: Net exports equal the
A) total value of
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