Calculate GDP using the information in the table below:$BillionsGovernment purchases of goods 1200Services500Imports400Change in business inventories 50Durable goods300Nondurable goods600Exports250Residential investment200Government purchases of services 500Nonresidential investment650Select one:O a. 4650O b. 4150O c. 4000O d. 3850 If an aluminum manufacturer does not bear the entire cost of the smoke it emits, it willSelect one:O a. emit an acceptable level of smoke.O b. emit a lower level of smoke than is socially efficient.O c. not emit any smoke in an attempt to avoid paying the entire cost.O d. emit a higher level of smoke than is socially efficient.

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Calculate GDP using the information in the table below: SBillions Government purchases of goods 1200 Services 500 Imports 400 Change in business inventories 50 Durable goods 300 Nondurable goods 600 Еxports 250 Residential investment 200 Government purchases of services 500 Nonresidential investment 650 Select one: О а. 4650 O b. 4150 O c. 4000 O d. 3850

Calculate GDP using the information in the table below: SBillions Government purchases of goods 1200 Services 500 Imports 400 Change in business inventories 50 Durable goods 300 Nondurable goods 600 Еxports 250 Residential investment 200 Government purchases of services 500 Nonresidential investment 650 Select one: О а. 4650 O b. 4150 O c. 4000 O d. 3850

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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