Question

The table below shows a country's macroeconomic data in 2013.
$175 billion
Consumption spending
Individual income taxes
$32 billion
S30 billion
$25 billion
Private investment
spending
Corporate taxes
Exports
Government purchases
Imports
$75 billion
$40 billion
$100 billion
The country's gross domestic product is
a
347 Billion
b
282 billion
C220 billion
d
309 billion

Answer 1

Answer:220 billion

Explanation:

Answer 2

Based on the various economic factors presented, the GDP for this country is C. $220 Billion

What is the GDP?

The Gross Domestic Product is the total dollar value of the final goods and services produced in a country within a period.

It is calculated as:
= Consumption + Investment spending + Government spending + Exports - Imports

= 175 + 30 + 40 + 75 - 100

= $220 Billion

In conclusion, the GDP is $220 billion.

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