Look at the following data: consumption = $925 billion; exports = $50 billion; imports = $62 billion; investment = $325 billion; government purchases = $300 billion.GDP is equal to __________ billion.
A) $1,662
B) $1,468
C) $1,911
D) $1,538
E) none of the above

Question

Quizplus · Accepted Answer

GDP is calculated as consumption + investment + government purchases + (exports - imports). So, GDP = $925 + $325 + $300 + ($50 - $62) = $1,538 billion.

Look at the Following Data: Consumption = $925 Billion; Exports