Social Studies, 29.11.2021 20:10 autumng7518
URGENT !!!
Using the expenditure approach, the Real GDP of a given economy was calculated as 250 million dollars in 2019. In 2020, the
economy experienced the following:
• An increase of 20 million dollars in consumption.
• A decrease of 5 million dollars in investment.
•An increase of 10 million dollars in government spending.
•The value of all exports decreased by 5 million dollars.
•The value of all imports increased 15 million dollars.
What is the Real GDP of the given economy in 2020?
O 255 million dollars
O 235 million dollars
O 295 million dollars
O 270 million dollars
Answers: 1
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