Scenario 13-3. Assume the following information for an imaginary, open economy.
Consumption = $1,000; investment = $300; net exports = $100;
taxes = $230; private saving = $200; and national saving = $150.
-Refer to Scenario 13-3. For this economy, GDP equals
A)$1,400.
B)$1,430.
C)$1,580
D)$1,680.

Question

Quizplus · Accepted Answer

The Answer of Scenario 13-3. Assume the following information for an imaginary, open economy.
Consumption = $1,000; investment = $300; net exports = $100;
taxes = $230; private saving = $200; and national saving = $150.
-Refer to Scenario 13-3. For this economy, GDP equals
A)$1,400.
B)$1,430.
C)$1,580
D)$1,680.