In the economy of Talikastan in 2015, consumption was 75% of GDP, government purchases were $200, imports were $50 and 125% of the value of exports, investment was one-sixth of the value of consumption. What was Talikastan's GDP in 2015?

a. $218
b. $2500
c. $1520
d. $2100


c

Economics

You might also like to view...

The scientific method is useful

a. only in fields of science such as chemistry and physics b. for testing the validity of theoretical predictions c. for testing the validity of a model's assumptions d. when no economic variables can be assumed to be constant e. only if a theory has been proven to be true

Economics

The government's main statistic for forecasting business cycles is the index of coincident indicators

a. True b. False Indicate whether the statement is true or false

Economics

The consumption function shows the relationship between consumption and saving

Indicate whether the statement is true or false

Economics

Programs to control government spending automatically kick in when government spending exceeds 15% of gross domestic product

Indicate whether the statement is true or false

Economics