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Answer to Question #139364 in Macroeconomics for Musole Kapaku

Question #139364
A closed economy with household, business and government sectors. Individuals
receive income of k760 and pay taxes of k100 to the government: consumer spending
is k560: gross investment is k110: depreciation is k40: government spending is k130.
1
Expert's answer
2020-10-21T06:39:59-0400

Consumption (C) - K560

Government Spending (G) - K130

Taxes (T) - K100

Investment (I) - K110

Depreciation (D) - K40

Indiidual Income (i) - K760


GDP = C + G + I + NX

GDP = 560 + 130 +110 + 0

GDP = K800


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