Moving to another question will save this response. Question 3 Using the expendi

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Moving to another question will save this response. Question 3 Using the expenditure approach in Exhibit 11-2, gross domestic product (GDP) is Exhibit 11-2 Gross domestic product data National Income Account Personal consumption expenditures (C) Exports (X) Federal government spending (G) State and local government spending (G) Imports (M) Gross private domestic investment() (billions of dollars) $500 65 100 200 15 65 O$100 billion $500 billiorn 5600 billion $915 billion Moving to another question wil save this response

Explanation / Answer

GDP=C+I+G+X-M

Thus here GDP=500+65+300+65-15=915

Thus the correct answer is optiond d that is GDP=$915 billion

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