Solution-Value of exports-investment

Value of exports-investment

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In the economy of Greatland in 2011, consumption was 60% of GDP, government purchases were $100, imports were $70 and 80% of the value of exports, investment was 50% of the value of consumption. What was Greatland's GDP in 2011?

$898
$1,052
$1,175
$1,263

Reference no: EM131357813

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Value of exports-investment : In the economy of Greatland in 2011, consumption was 60% of GDP, government purchases were $100, imports were $70 and 80% of the value of exports, investment was 50% of the value of consumption. What was Greatland's GDP in 2011?

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Value of exports-investment

Reference no: EM131357813

Reference no: EM131357813

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