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Firlakuza [10]
2 years ago
13

Calculate the GDP of Dinoland using the expenditures approach given the following data: personal consumption expenditures = $10

billion; gross private domestic investment = $5 billion; government spending = $3 billion; exports = $2 billion, imports = $1 billion.
a) $12 billion
b) $19 billion
c) $18 billion
d) $17 billion
Business
1 answer:
harina [27]2 years ago
7 0

Answer: b) $19 billion

Explanation:

GDP = Consumption + Investment + Government Spending + (Exports - Imports)

GDP = $10 + $5 + $3 + ($2-$1) = $19 billion

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