Exhibit 11-2 Gross domestic product data

-Using the expenditure approach in Exhibit 11-2,gross domestic product (GDP)is:

Question

Exhibit 11-2 Gross domestic product data
 
-Using the expenditure approach in Exhibit 11-2,gross domestic product (GDP)is:

Quizplus · Accepted Answer

Using the expenditure approach, GDP is calculated as the sum of consumption (C), investment (I), government spending (G), and net exports (NX). 
GDP = C + I + G + NX
GDP = $200 billion + $300 billion + $150 billion - $25 billion
GDP = $625 billion - $25 billion
GDP = $600 billion
Therefore, the correct answer is D) $915 billion.

Exhibit 11-2 Gross Domestic Product Data