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02-01-2023
Business

Answered

In a given year, businesses invest $2 trillion, exports total $1.5 trillion, imports total $3 trillion, consumers spend $5 trillion, and the government spends $1.5 trillion on final goods and services. Based on this, which of the following statements is true? The net exports are $4.5 trillion. The gross national income must be $8.5 trillion. The gross domestic product must be $8.5 trillion. The total value added in the economy for that year must equal $7 trillion. The country is in a recession.

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