(Answered) Define business inventories and explain how they are

Economics

Define business inventories and explain how they are counted in GDP.

Calculate government spending given the following information:

GDP = $123 million
Consumer spending = $72 million
Financial investment spending = $12 million
Investment spending = $25 million
Net exports = $5 million

Calculate consumer spending given the following information:

GDP = $96 million
Government spending = $19 million
Financial investment spending = $12 million
Investment spending = $18 million
Net exports = $2 million

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Macroeconomics, Economics

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