Join the IDNLearn.com community and start getting the answers you need today. Join our interactive Q&A community and get reliable, detailed answers from experienced professionals across a variety of topics.

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:_______.A. $24,450B. $11,550C. $15,300D. $20,700

Sagot :

Answer:

C. $15,300

Explanation:

Calculation to determine what GDP equals:

Using this formula

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

Where,

Net Export = Export - Import

Let plug in the formula

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

GDP= $15,300

Therefore GDP equals:$15,300