Economics homework help please 2


label Economics
account_circle Unassigned
schedule 1 Day
account_balance_wallet $5

If imports are $100 million less than exports, government spending is $500 million, consumer expenditures are $1 billion and investment spending is $500 million, then GDP is

Apr 1st, 2015
Answer is  $2.1 billion.......................................................
Mar 31st, 2015

Show me your work please?

Mar 31st, 2015

All the values are in $

Personal Consumption:1000000000

Gross Investment:500000000

Government Consumption:500000000

Export:200000000

Import:100000000

GDP:2100000000

GDP = personal consumption + gross investment + government consumption + net exports of goods and services

1000000000+500000000+500000000+(200000000-100000000)=2100000000

$2.1 billion

Mar 31st, 2015

now you got it????

Mar 31st, 2015

Did you know? You can earn $20 for every friend you invite to Studypool!
Click here to
Refer a Friend
...
Apr 1st, 2015
...
Apr 1st, 2015
Nov 18th, 2017
check_circle
Mark as Final Answer
check_circle
Unmark as Final Answer
check_circle
Final Answer

Secure Information

Content will be erased after question is completed.

check_circle
Final Answer