if gdp is $15 trillion, consumption is $9 trillion, government spending is $2 trillion, investment is $3 trillion, and exports a

Question

ivolga24 [154]

2 years ago

13

if gdp is $15 trillion, consumption is $9 trillion, government spending is $2 trillion, investment is $3 trillion, and exports a

re $3 trillion, then imports must be $____ trillion.

Business

1 answer:

Sveta_85 [38] · Answer 1 · 2023-03-05T17:57:40+03:00

The imports of this country are around $2 trillion.

The GDP of a nation refers to the value of all the final goods and services produced in the country in that year. It is calculated by the formula:

<em>GDP = Consumption + Government Spending + Investment + Exports - Imports</em>

15 = 9 + 2 + 3 + 3 - Imports

15 = 17 - Imports

Imports + 15 = 17

Imports = 17 - 15

Imports = $2 Trillion

In conclusion, the imports are $2 Trillion

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