Refer to the table shown. $\begin{array} {| l | c| }
\hline & \text { In trillims of dallars } \
\hline \text { Consumption } & 3.5 \
\hline \text { Irvestment } & 1.2 \
\hline \text { Government Purchases } & 1.8 \
\hline \text { Exports } & 0.6 \
\hline \text { Imports } & 0.4\
\hline
\end{array}$ What is the economy's GDP?

Question

Refer to the table shown. $\begin{array} {| l | c| } 
\hline & \text { In trillims of dallars } \
\hline \text { Consumption } & 3.5 \
\hline \text { Irvestment } & 1.2 \
\hline \text { Government Purchases } &  1.8 \
\hline \text { Exports } &  0.6 \
\hline \text { Imports } & 0.4\
\hline
\end{array}$ What is the economy's GDP?

Quizplus · Accepted Answer

GDP is calculated as the sum of Consumption, Investment, Government Purchases, and Net Exports (Exports - Imports). Therefore, GDP = 3.5 + 1.2 + 1.8 + (0.6 - 0.4) = 6.7 trillion dollars.

Refer to the Table Shown What Is the Economy's GDP? A)$6

Refer to the Table Shown What Is the Economy's GDP?
A)$6