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whitywhite11 whitywhite11
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The Components of GDP

In a small economy, nominal GDP is $10,000.  Consumption spending is $6500, government purchases are $1100, and net exports are $400. What is the value of gross private domestic investment?

▸ -$2000

▸ $15,000

▸ $2000

▸ $5000
Textbook 

Macroeconomics


Edition: 3rd
Authors:
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Keleko12Keleko12
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2 months ago
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More solutions for this book are available here
$2000

The value of gross private domestic investment is calculated as: Nominal GDP - consumption spending - government purchases - net exports.
1

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whitywhite11 Author
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2 months ago
You make an excellent tutor!
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Brilliant
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2 hours ago
Smart ... Thanks!
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