Question of the Week
consumption was $2B, investment $0.5B, government
purchases $3B, exports $1B, and imports $2B what
is the GDP?
The correct answer is b.
GDP = Consumption + Investment + Government Purchases + (Exports - Imports)
GDP = 2+0.5+3+(1-2) = $4.5B
Topic: CSC Volume 1 - Micro and Macroeconomics