The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($35), exports ($22), personal consumption expenditures ($2460), and government purchases ($470). What is GDP in this economy?
A. $3250 billion.
B. $3237 billion.
C. $3263 billion.
D. $3290 billion.
Answer: B
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What will be an ideal response?