Answered

Welcome to Westonci.ca, the place where your questions find answers from a community of knowledgeable experts. Join our platform to connect with experts ready to provide detailed answers to your questions in various areas. Experience the convenience of finding accurate answers to your questions from knowledgeable experts on our platform.

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 :

abiolataiwo2015

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

We hope you found what you were looking for. Feel free to revisit us for more answers and updated information. We hope you found this helpful. Feel free to come back anytime for more accurate answers and updated information. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.