In the economy of Wrexington in 2008,consumption was $5000,exports were $100,government purchases were $900,imports were $200,and investment was $1000.What was Wrexington's GDP in 2008?

Question

Quizplus · Accepted Answer

GDP is calculated as the sum of consumption, investment, government purchases, and net exports (exports minus imports). So, GDP = $5000 + $1000 + $900 + ($100 - $200) = $6800.

In the Economy of Wrexington in 2008,consumption Was $5000,exports Were