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calculate total gdp for this economy given the following components of supply. round your answer to the nearest tenth. components of gdp on the supply side (in trillions of dollars) durable goods 2 nondurable goods 4.5 services 10.4 structures 2.7 change in inventories 0 total ?

Sagot :

Total GDP for this economy is $19.6 trillions.

Gross domestic product or also known as GDP may be defined as a monetary measure of the market price of all the final items and services maked and sold in a particular time period by countries.

Durable goods = 2

Nondurable goods = 4.5

Services = 10.4

Structures = 2.7

Change in inventories = 0

To calculate total GDP, we can use this formula:

Total GDP = Durable goods + Non-durable goods + Services + Structure + Change in inventory

Total GDP = 2 + 4.5 + 10.4 + 2.7 + 0 = 19.6

Because the number is ordered in trillions of dollars so the final result is $19.6 trillions.

Learn more about GDP at https://brainly.com/question/15086052

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