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20-11-2020
Business

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Suppose the economy is closed & consumption is 6,500 taxes are 1,500 and government purchases are 2,000. If national saving amounts to 1,000 then what is GDP?

Respuesta :

Ritmeks Ritmeks

21-11-2020

Answer:

9,500

Explanation:

Cosumption is 6500

Taxes is 1500

Government purchases is 2000

National savings is 1000

Therefore the GDP can be calculated as follows

= savings + consumption + purchases

=1,000 + 6,500 + 2,000

= 9,500

Hence the GDP is 9,500

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