Using the Table Below,calculate GDP for a Particular Year Based on the Above Information,GDP in This Year Was
A)

Using the table below,calculate GDP for a particular year.
$\begin{array}{|l|r|}\hline \text { Consumption spending } & \$ 1,000 \\\hline \text { Wages and salaries } & \$ 800 \\\hline \text { Rent } & \$ 100 \\\hline \text { Government purchases } & \$ 200 \\\hline \text { Profit } & \$ 300 \\\hline \text { Expoits } & \$ 400 \\\hline \text { Interest } & \$ 250 \\\hline \text { Private investment spending } & \$ 400 \\\hline \text { Imports } & \$ 550\end{array}$
Based on the above information,GDP in this year was

A) $1,450
B) $2,000
C) $2,550
D) $2,900
E) $4,000

Correct Answer:

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