Question

Country A has export sales of $\$ 20$ billion, government purchases of $\$ 1,000$ billion, business investment is $\$ 50$ billion, imports are $\$ 40$ billion, and consumption spending is $\$ 2,000$ billion. What is the dollar value of GDP?

Name: Country A has export sales of $ 20 billion, government purchases of $ 1,000 billion, business investment is $ 50 billion, imports are $ 40 billion, and consumption spending is $ 2,000 billion. What is the dollar value of GDP?
Uploaded: 2021-11-26T14:00:13-08:00
Duration: 4 min 2 s
Channel: Pronoy Sinha
Description: Country A has export sales of $ 20 billion, government purchases of $ 1,000 billion, business investment is $ 50 billion, imports are $ 40 billion, and consumption spending is $ 2,000 billion. What is the dollar value of GDP?

          Country A has export sales of $\$ 20$ billion, government purchases of $\$ 1,000$ billion, business investment is $\$ 50$ billion, imports are $\$ 40$ billion, and consumption spending is $\$ 2,000$ billion. What is the dollar value of GDP?

Added by Thomas B.

Principles of Economics

Gregory Mankiw 8th Edition

Instant Answer

Solved by Expert Pronoy Sinha

11/26/2021

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Step 1: Calculate GDP using the formula GDP = C + I + G + (X - M) Show more…

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Country A has export sales of $\$ 20$ billion, government purchases of $\$ 1,000$ billion, business investment is $\$ 50$ billion, imports are $\$ 40$ billion, and consumption spending is $\$ 2,000$ billion. What is the dollar value of GDP?