Question

If consumption expenditures are $150 million, net investment is $70 million, imports are $30 million

Answer 1

Answer:

The right solution is "278 million".

Explanation:

The given question is incomplete. Please find attachment of the complete query.

The given values are:

Consumption expenditure,

= $150 million

Net investment expenditure,

= $70 million

Exports,

= $10 million

Imports,

= $ 30 million

According to the government expending,

Goods and services,

= $60 million

Security of the society,

= $18 million

Existing homes sales,

= $60 million

Now,

As we know,

⇒ $GDP=Net \ consumption \ expenditure + Net \ investment \ expenditure + Net \ export (Export - Import) + Net \ government \ expenditure$On substituting the given values in the above formula, we get

⇒       $=150 + 70 + (10 -30) + (60 + 18)$

⇒       $=150 + 70 - 20 + 78$

⇒       $=278 \ million$