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Value of consumption

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Reference no: EM131348000

In the economy of Greatland in 2011, consumption was 60% of GDP, government purchases were $100, imports were $70 and 80% of the value of exports, investment was 50% of the value of consumption. What was Greatland's GDP in 2011?

  • $898
  • $1,052
  • $1,175
  • $1,263

Reference no: EM131348000

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