Answer the question on the basis of the following data.All figures are in billions of dollars. $\begin{array} { l r }
\text { Gross Investment } & \$ 18 \
\text { National Income } & 100 \
\text { Net Exports } & 2 \
\text { Personal Income } & 85 \
\text { Personal Consumption Expenditures } & 70 \
\text { Saving } & 5 \
\text { Government Purchases } & 20 \
\text { Net Domestic Product } & 105 \
\text { Statistical Discrepancy } & 0
\end{array}$ The gross domestic product for the above economy is:

Question

Answer the question on the basis of the following data.All figures are in billions of dollars. $\begin{array} { l r } 
\text { Gross Investment } & \$ 18 \
\text { National Income } & 100 \
\text { Net Exports } & 2 \
\text { Personal Income } & 85 \
\text { Personal Consumption Expenditures } & 70 \
\text { Saving } & 5 \
\text { Government Purchases } & 20 \
\text { Net Domestic Product } & 105 \
\text { Statistical Discrepancy } & 0
\end{array}$ The gross domestic product for the above economy is:

Quizplus · Accepted Answer

The gross domestic product is the sum of all the final goods and services produced in an economy in a given time period. In this case, the sum of the figures in the table is $110 billion, which represents the gross domestic product of the economy. Therefore, the correct answer is C) $110.

Answer the Question on the Basis of the Following Data