logo

Crowdly

An economy produces only 1000 000 computers valued at $4,000 each. Of these, 200...

✅ The verified answer to this question is available below. Our community-reviewed solutions help you understand the material better.

An economy produces only 1000 000 computers valued at $4,000 each. Of these, 200 000 are sold to consumers, 300 000 are sold to businesses, 300 000 are sold to the government, and 100 000 are sold abroad. No computers are imported. The unsold computers at the end of the year are held in inventory by the computer manufacturers. What is the value of GDP?

More questions like this

Want instant access to all verified answers on moodle.telt.unsw.edu.au?

Get Unlimited Answers To Exam Questions - Install Crowdly Extension Now!