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Macroeconomics

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GDP Measurement: Billions in Dollars

MACRO-OB6M4K

Suppose household consumption is \$10 billion, firm investment Is \$3 billion, the government buys \$4 billion in goods, and pays another \$5 billion in transfer payments, exports are \$1 billion and imports are \$2 billion.

Then $GDP$ is:

A

$21 billion

B

$17 billion

C

$16 billion

D

$15 billion