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Question
If consumption expenditures are $100 million, net investment is $50 million, imports are $20 million, exports are $10 million, government spending on goods and services is $40 million, Social Security spending is $15 million, and sales of existing homes equals $40 million, then what is the measure of GDP?
A) GDP = $225 million
B) GDP = $180 million
C) GDP = $295 million
D) GDP = $195 million
Answer
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