Country G is a small industrialized nation in South America. The country's economy relies on oil exports and imports of durable goods. The government controls the oil industry and government spending in the economy accounts for $85 billion annually. Total exports are nearly $150 billion, while the household sector spends $65 billion on consumer goods and services. The country has a trade surplus of $40 billion.

If the missing value is equal to $45 billion, what is Country G's GDP?

Question

03-12-2020
Social Studies

contestada

Country G is a small industrialized nation in South America. The country's economy relies on oil exports and imports of durable goods. The government controls the oil industry and government spending in the economy accounts for $85 billion annually. Total exports are nearly $150 billion, while the household sector spends $65 billion on consumer goods and services. The country has a trade surplus of $40 billion.

If the missing value is equal to $45 billion, what is Country G's GDP?

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luzianetro luzianetro · Answer 1 · 2020-12-03T16:24:28+01:00

Answer:

South Africa recorded a per capita GDP of $13,165, making it the only African country in the G20. South Africa is classified as a NIC owing to its shift from a primary and secondary economy to a tertiary one dependent on industrial functions and trade. In relation to other emerging markets, South Africa fails in availability and cost of labor, lack of education, little use of technology and few innovations. However, its sophisticated financial system, effective business taxes, ease of capital..

Explanation:

This country is the most populous with approximately 210 million residents. Brazil is followed by Argentina, with population of approximate 41 million. With 12 nations, the South America has a population of 422.5 million in total, accounting for 5.8% of the world’s population.