Question:

Help with GDP?

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Given the following information:Consumption Expenditures = 1500 Private Domestic Investment = 1100 Government Expenditures = 600 Imports = 1300 Exports = 700 What does GDP equal?

2600

5200

3800

3900

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   Report

2 ANSWERS


  1. GDP=Consumption 1500+Private Domestic Investment 1100+Government Expenditures 600+(Exports 700-Imports 1300)

    GDP=2600


  2. GDP = consumption + gross investment + government spending + (exports − imports)

    Therefore, GDP = 1500 + 1100 + 600 + (700-1300) = 2600

    The GDP equals 2600
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