Scenario 26-3.Assume the following information for an imaginary,open economy.
Consumption = $1,000;investment = $200;net exports = -$50;
taxes = $230;private saving = $225;and national saving = $150.
-Refer to Scenario 26-3.For this economy,GDP equals
A)$1,480.
B)$1,505.
C)$1,460
D)$1,455.

Question

Quizplus · Accepted Answer

The Answer of Scenario 26-3.Assume the following information for an imaginary,open economy.
Consumption = $1,000;investment = $200;net exports = -$50;
taxes = $230;private saving = $225;and national saving = $150.
-Refer to Scenario 26-3.For this economy,GDP equals
A)$1,480.
B)$1,505.
C)$1,460
D)$1,455.