Refer to the table below. What is the economy's gross domestic product? $$\begin{array}{| l | c| }
\hline &\text { In trillims of dollars }\
\hline \text { Consurngtion } & 5.2 \
\hline \text { Irnvestment } & 2.7 \
\hline \text { Government Purchases } &2.6 \
\hline \text { Transfer payments } & 0.6 \
\hline \text { Exports } & 0.6 \
\hline \text { Imports } & 0.6 \
\hline
\end{array}$$

Question

Refer to the table below. What is the economy's gross domestic product? $$\begin{array}{| l | c| } 
\hline &\text { In trillims of dollars }\
\hline \text { Consurngtion } & 5.2 \
\hline \text { Irnvestment } &  2.7 \
\hline \text { Government Purchases } &2.6 \
\hline \text { Transfer payments } & 0.6  \
\hline \text { Exports } & 0.6 \
\hline \text { Imports } & 0.6 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Gross Domestic Product (GDP) is calculated as the sum of Consumption, Investment, Government Purchases, and Net Exports (Exports minus Imports). From the table: GDP = 5.2 (Consumption) + 2.7 (Investment) + 2.6 (Government Purchases) + (0.6 - 0.6) (Net Exports) = 10.5 trillion. Transfer payments are not included in GDP calculations.

Refer to the Table Below A)$105 Trillion B)$11

Refer to the Table Below A)$105 Trillion
B)$11