If consumption is $8 billion,investments is $4 billion,government purchases are $2 billion,imports are $1 billion,and exports are $2 billion,GDP must equal:

Question

Quizplus · Accepted Answer

GDP is the sum of consumption, investments, government purchases, exports minus imports. So, GDP = $8 billion + $4 billion + $2 billion + $2 billion - $1 billion = $15 billion. Therefore, the correct answer is choice C.

If Consumption Is $8 Billion,investments Is $4 Billion,government Purchases Are