Calculate gdp in this simple economy

Reference no: EM131832479

1. Since World War II, who were the only three recession-free U.S. presidents? (We'll revisit the question of how presidents matter for the economy in later chapters.)

2. Calculate GDP in this simple economy: Consumer purchases: $100 per year Investment purchases: $50 per year Government purchases: $20 per year Total exports: $50 per year Total imports: $70 per year

Reference no: EM131832479

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