If a country has a consumer spending of $6,000, investment spending of $3,000, government spending of $3,000, imports of $1,000, and exports of $2,000, then the country's GDP is:
A) $10,000.
B) $11,000.
C) $12,000.
D) $13,000.

Question

Quizplus · Accepted Answer

GDP is calculated as the sum of consumer spending, investment spending, government spending, plus exports, minus imports. Therefore, GDP = $6,000 + $3,000 + $3,000 + $2,000 - $1,000 = $13,000.

If a Country Has a Consumer Spending of $6,000, Investment