Look at the following data: durable goods = $300 billion; nondurable goods = $450 billion; services = $900 billion; fixed investment + inventory investment = $200 billion; government purchases = $400 billion; exports = $40 billion; imports = $85 billion.GDP is equal to
A) $2,205 billion.
B) $2,375 billion.
C) $1,855 billion.
D) $1,010 billion.
E) There is not enough information to answer the question.

Question

Quizplus · Accepted Answer

GDP = C + I + G + (X - M)= (300 + 450 + 900) + (200 + 400) + (40 - 85)= 1650 + 600 - 45= 2205 billion

Look at the Following Data: Durable Goods = $300 Billion;