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loris [4]
3 years ago
6

Suppose the gross domestic product is $15 million, where consumer spending is $4 million, investments are $2 million, government

spending is $5 million and exports are $4 million. How much is spend on imports
Business
1 answer:
Sati [7]3 years ago
4 0

Answer:

The spending on imports is $0 million.

Explanation:

GDP = C + I + G + (X – M)

Here, C is consumer spending of $4million, I is investment of $2million, G is government spending of $5million, X is exports worth $4million and M are imports which not given in the question. The GDP in the question is given and is $15million.

So by putting values in the equation we have:

15 = 4+ 2 + 5 + (4 - M)

15 - 4 - 2 - 5 - 4 = M

This emplies

M = $0 Million which means that the country has a complete ban on its importation of goods and services.

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olga2289 [7]

Answer:

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4 years ago
Question 1
Virty [35]
<span>Which choice is the correct statement about "comprehensive" insurance?
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OlgaM077 [116]

Answer:

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VMariaS [17]
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