With the following information calculate the GDP for the nation of NORA
The country's spending on consumer goods and services was $60
Businesses invested $10 and built up their inventories of goods $5
The Government of NORA spent $25 on goods and services and made $10 of transfer payments
NORA exports $15 of goods and services while importing $15
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Expert's answer
2020-12-21T03:49:41-0500
Solution to question #151890
GDP = Consumption + Investment + Government Spending + Net Exports
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