The GDP of Ritzland during a particular year was $120,000.If the expenditure on investment was $16,000,the expenditure incurred by the government was $35,000,the value of exports was $10,000,and the value of imports was $22,000,then the expenditure on consumption was ________.
A) $81,000
B) $19,000
C) $37,500
D) $44,000

Question

Quizplus · Accepted Answer

GDP = Consumption Expenditure + Investment + Government Expenditure + Exports - Imports
120,000 = Consumption Expenditure + 16,000 + 35,000 + 10,000 - 22,000
Consumption Expenditure = 120,000 - 16,000 - 35,000 - 10,000 + 22,000
Consumption Expenditure = $81,000

The GDP of Ritzland During a Particular Year Was $120,000