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Define business inventories

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Reference no: EM131057870

Define business inventories and explain how they are counted in GDP.

Calculate government spending given the following information: 

  • GDP = $123 million 
  • Consumer spending = $72 million 
  • Financial investment spending = $12 million 
  • Investment spending = $25 million 
  • Net exports = $5 million 

Calculate consumer spending given the following information:

  • GDP = $96 million
  • Government spending = $19 million 
  • Financial investment spending = $12 million
  • Investment spending = $18 million 
  • Net exports = $2 million

Reference no: EM131057870

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