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The table below shows the values of various economic variables of a country during a particular ...
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The table below shows the values of various economic variables of a country during a particular ...
The table below shows the values of various economic variables of a country during a particular year.
Variables
Value
Consumption
$185,000
Investment
$60,000
Government expenditure
$103,000
Exports
$54,000
Imports
$50,000
Refer to the table above. What will be the value of the GDP of the country if the country runs a trade surplus of $30,000 next year, everything else remaining unchanged?
▸ $372,000
▸ $407,000
▸ $378,000
▸ $524,000
Textbook
Macroeconomics
Edition:
3
rd
Authors:
Acemoglu, Laibson, List
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