Question

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:

Answer 1

Answer:

imports exceed exports by $50 billion.

Explanation:

Calculation to determine how much imports exceed exports

Gross Domestic Product $1.2 trillion

Less Consumption ($690 billion)

Less Investment ($200 billion)

Less Government spending ($260 billion)

($1.2 trillion-$690 billion-$200 billion-$260 billion)

Then:imports exceed exports by $50 billion