The expenditure on consumption in Berylia during a particular year was $310,000,the expenditure on investment was $180,000,the expenditure incurred by the government was $75,000,the expenditure of foreign economic agents on domestic products was $80,000,and the domestic expenditure on foreign produced goods was $103,000.What was the GDP of Berylia during that year?
A) $530,000
B) $479,000
C) $542,000
D) $645,000

Question

Quizplus · Accepted Answer

GDP = Consumption Expenditure + Investment Expenditure + Government Expenditure + Exports - Imports
GDP = $310,000 + $180,000 + $75,000 + $80,000 - $103,000
GDP = $542,000

The Expenditure on Consumption in Berylia During a Particular Year