<span>This is the idea of the developing world. In many of these countries, there is a low amount of industrial or technological development. These countries have a rather low standard of living and a higher poverty rate when compared to countries that have technological development and progress.</span>
Answer:
$9700
Explanation:
Given that
C = 6000
G = 1200
I = 1500
X= 2000
M = 1000
Recall that,
GDP = C + I + G + ( X - M)
therefore
GDP = 6000 +1500 + 1200 + (2000 - 1000)
= 8700 + 1000
= 9700
Therefore, GDP = $9,700
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