Answer:
The Gross Domestic Product of the territory is $ 172 million.
Explanation:
The Gross Domestic Product (GDP), measured in monetary units, is the market value of all goods and services within a territory in a given period of time, usually annual, which is estimated by the following expression:
[tex]GDP = C+BI+GEx+GEn+E-I[/tex] (1)
Where:
[tex]C[/tex] - Consumption.
[tex]BI[/tex] - Business investments.
[tex]GEx[/tex] - Government expenditures.
[tex]GEn[/tex] - Government entitlements.
[tex]E[/tex] - Exports.
[tex]I[/tex] - Imports.
Please notice that positive sign represents money that has entered into the economy of the territory.
If we know that [tex]C = 50\times 10^{6}[/tex], [tex]BI = 10\times 10^{6}[/tex], [tex]GEx = 75\times 10^{6}[/tex], [tex]GEn = 38\times 10^{6}[/tex], [tex]E = 12\times 10^{6}[/tex] and [tex]I = 13\times 10^{6}[/tex], then the GDP of the territory is:
[tex]GDP = 50\times 10^{6}+10\times 10^{6} + 75\times 10^{6}+38\times 10^{6}+12\times 10^{6}-13\times 10^{6}[/tex]
[tex]GDP = 172\times 10^{6}[/tex]
The Gross Domestic Product of the territory is $ 172 million.
