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a.    In the fictional country of Luna, we have the following information for the year 2017:

*Consumers

bought $2 billion dollars worth of new goods and services, 15% of which were bought by foreigners residing in Luna.

*As well, $200 million worth of new housing stock was sold.

*Company profit was $400 million in 2017

*Businesses bought $100 million dollars worth of bonds in 2017.

*The government of Luna bought $150 million worth of computing equipment for government run schools in 2017.

*Citizens of Luna living overseas bought $25 million worth of Symposia goods.


(i)            Calculate and explain how you obtained the figure (i.e. what did you count, and what did you exclude) for Luna's consumption in 2017                 


(ii)           Calculate and explain how you obtained the figure (i.e. what did you count, and what did you exclude) for Luna's investment in 2017                 


What was Luna's GDP in 2017? Explain your answer

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