Use the following to answer questions:
-(Table: Measuring GDP) Use Table: Measuring GDP. GDP is equal to:
A) $500 billion.
B) $850 billion.
C) $995 billion.
D) $1,000 billion.

Question

Use the following to answer questions: 
-(Table: Measuring GDP) Use Table: Measuring GDP. GDP is equal to:
A) $500 billion. 
B) $850 billion. 
C) $995 billion. 
D) $1,000 billion.

Quizplus · Accepted Answer

GDP is calculated by adding consumption expenditures ($600 billion), investment expenditures ($150 billion), government purchases ($200 billion), and net exports ($45 billion). Therefore, GDP equals $995 billion.

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