So if the equation you showed is a given, then you are on the right track. I'm trying to figure out where financial investment spending is in the equation, though?
I found this: The following equation is used to calculate the GDP: GDP = C + I + G + (X – M) or GDP = private consumption + gross investment + government investment + government spending + (exports – imports). ... It transforms the money-value measure, nominal GDP, into an index for quantity of total output.
72,000,000+12,000,000+25,000,000+ G + 5,000,000 = 123,000,000
It's easier to solve it without the zeros:
G=123 - 72- 12 - 25 - 5
G= 9 or 9,000,000 is government spending
Remember that (X-M) is NET EXPORTS. They will either give you exports and imports so that you have to subtract, or net exports that you can just plug in. Make sense?
Ill break it down for you so you can understand.
We use a method called "long division" to help us divide large numbers. But, if it does not go in, we need to make it into a decimal. Observe.
4 ⟌19
Four does not go into one. (Start with the first number then go right if it doesn't go in.) ((Also add a 0 up top)
0
4 ⟌19
4 does not go into 19 but it can go into 16. (Put a four at the top.)
04
4 ⟌19
-16
____
3
Now, if it can't go in, then put a point after the 4 and add a zero to the three.
04.75
4 ⟌19
-16
____ (4 x 7)
30 28
-28
____
2 (0) (5 x 4)
20 20
_____
0
Your answer is 04.75 OR 4.75.
Hope this helps. Also have a lovely day! ~Pooch ♥
The best estimate is 478,000,000 x 2,500,000
Answer:
D
Step-by-step explanation:
Answer:
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