Suppose a country produces final goods and services with a


Suppose a country produces final goods and services with a market value of $100 billion in 2012, but only $90 billion worth of goods and services is sold to domestic and foreign buyers. What is this country's GDP? Explain your answer. State the formula for GDP

Solution Preview :

Prepared by a verified Expert
Macroeconomics: Suppose a country produces final goods and services with a
Reference No:- TGS01452505

Now Priced at $10 (50% Discount)

Recommended (93%)

Rated (4.5/5)