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If in the economy of Ambrosia in 2015, exported goods and services were worth $2500 which were $500 more than what it had imported. Additionally, its consumption expenditure on goods and services

If in the economy of Ambrosia in 2015, exported goods and services were worth $2500 which were $500 more than what it had imported. Additionally, its consumption expenditure on goods and services were $5000 which was 120% of its investment expenditure and 100% of its government expenditure. What was the aggregate level of spending (GDP by expenditure) for Ambrosia in the year 2015?

a) Aggregate spending in Ambrosia in 2015 was about $ 14667
b) Aggregate spending in Ambrosia in 2015 was about $ 16,500
c) Aggregate spending in Ambrosia in 2015 was about $ 17,500
d) Not sufficient information to answer this question

Apr 12 2021 View more View Less

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