The following are national income account data for a hypothetical economy in billions of dollars: gross private domestic investment ($320), imports ($35) exports ($22), personal consumption expenditures ($2460), and government purchases ($470). What is GDP in this economy?
a) $3250 billion.
b) $3263 bilion.
c) $3237 billion.
d) $3290 bilion

Self-interest achieve society’s economic goals because producers know which goods consumers want the most. as consumers and producers exercise their freedom to act in their own self-interest, markets will produce the desired goods at the lowest possible cost. consumers and producers both operate based on society’s economic goals. consumers know which goods can be produced at the lowest cost. there is a wide variety of desired goods and services in a market system because producers determine what to produce. consumers change their minds frequently. there is always a need to produce something new and improved. individual wants are diverse. what is produced is ultimately determined by consumers, because if the goods offered are not what consumers want, consumers will not buy them. producers, because they are driven by profits. producers, because they determine what to produce. consumers, because they participate in marketing surveys.