Exports are equal to imports when Gdp is $8 trillion. if consumption is $5 trillion, investment is $1 trillion, and government purchases are $2 trillion
Given -
Gross Domestic Product = $8 trillion
Consumption Spending = $5 trillion
Investment Spending = $1 trillion
Government Purchases = $2 trillion
The GDP is calculated as follows -
Gross Domestic Product = Consumption + Investment + Government Purchases + Net Exports
Since other components are given, net exports can be calculated.
Net Exports = Gross Domestic Product - Consumption - Investment - Government Purchases
Net Exports = 8 - 5 - 1 - 2
Net Exports = 0
Therefore, Exports are equal to Imports
Learn more about GDP or Gross Domestic Product here
brainly.com/question/14768180
#SPJ4
