14 of 50 1 1 complete his Question 1 pt The folowing nation

14 of 50 (1 1 complete) ? his Question: 1 pt The folowing national income accounting data for the year 2009 are available for a country. All data are in billion dollars Personal Consumption Expenditure Residential Investment Govemment Purchases Changes in Business Inventories Net Exports 20.00 1,080.00 2,400.00 25.00 600.00 For this country,GDP billion and Final Sales $ billion Click to select your answerls). you have the piug-ins and players you need to view questions and content in your course Use the Study Plan to practice and master personalized Run script \"navTorrx201 82196582%203,%20%20ease-rendations 2 3 5 8

Solution

GDP = Personal consumption expenditure + Residential investment + Non residential investment + Government purchases + Changes in business inventory + changes in net exports

GDP = 8400 + 720 + 1080 + 2400 + (-25) + (-600) = $11,975 billion dollars

Final sales is the difference between GDP and increase in inventory

Final sales = 11975 -(-25) = 11975 + 25 = $12,000 billion dollars