Answer:
$117,800
Explanation:
GDP formula is:
GDP= Consumption (C)+ Investment (I)+ Government expenditure ()+ Net exports (exports-imports)
Last year, C= $69,000 and it increased 10% (100%+10%=110%),
This year: C= $69,000*1.10= $75,900.
Last year: I= $18,000 and it decreased 5% (100%-5%=95%).
This year: I= $18,000*0,95= $17,100
Last year: G=$19,000 and it increased by 20% (100%+20%=120%)
This year: G= $ 19,000*1.20=$22,800
Last year: X-M= $2000 and it remained the same
This year: X-M= $2000
Current year´s GDP= $75,900+$17,100+$22,800+$2000= $117,800
