What is the value for Gross Domestic Product if consumer spending is $21,247, gross private domestic investment is $12,223, government purchases are $6,877, exports are $4,866, imports are $2,151, wages are $1,058, and indirect business taxes are $1,103? Other values for potential components of GDP are unknown. Enter the value without a $ and without commas.
What is the value for Gross Domestic Product if consumer spending is $21,247, gross private domestic investment is $12,223, government purchases are $6,877, exports are $4,866, imports are $2,151, wages are $1,058, and indirect business taxes are $1,103? Other values for potential components of GDP are unknown. Enter the value without a $ and without commas.
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 11SQ
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