In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600,

Question

adoni [48]

4 years ago

12

In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600,

and investment was $2000. What were Talikastan's exports in 2015?
a. -$900
b. -$600
c. $200
d. $300

Business

1 answer:

stepladder [879] · Answer 1 · 2022-01-19T01:03:51+03:00

Answer:

Talikastan's exports in 2015 is $ 300.

Explanation:

This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.

GDP = consumption + investment + spending + (exports – imports)

8800 = 5300 + 2000 + 1800 + export - 600

Export = $ 300