Given the following information, calculate personal consumption expenditures.
GDP $5,000
Gross Private Domestic Investment $1,500
Government Consumption Expenditures and Gross Investment $1,000
Net Exports -$500
ANSWER
GDP = C + I + G + F
$5,000 = C + $1,500 + $1,000 + (-$500 )
$5,000 – $1,500 – $1,000 + $500 = C
$3,000 = C
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