Question

Suppose a country has government expenditures of $3,500, taxes of $2,200, consumption of $9,000, exports of $2,500, imports of $2,700, transfer payments of $750, capital depreciation of $800, and investment of $3,000. GDP equals

Answer 1

Answer:

$15,300

Explanation:

GDP = Consumption + Investment spending + Government Spending + Net Export

Net Export = export - import

=$9,000 + $3,000 + $3,500 + ($2500 - $2700) = $15,300

I hope my answer helps you