Consider the following data to answer the next five question…
Consider the following data to answer the next five questions. Country Real GDP Population A $350 billion 20 million B $450 billion 25 million C $220 billion 10 million D $540 billion 30 million E $750 billion 40 million Which country has the lowest average living standard?
Read DetailsA small economy has annual consumption spending of $150 bill…
A small economy has annual consumption spending of $150 billion, investment spending of $30 million, government spending of $15 billion, imports of $12 billion, and exports of $10 billion. This economy’s annual gross domestic product (GDP) equals __________ billion.
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