Suppose during a year an economy produces $10 trillion of consumer goods,$4 trillion of investment goods,$6 trillion in government services,and has $4 trillion of exports and $5 trillion of imports.GDP would be:

Question

Quizplus · Accepted Answer

GDP is calculated as the sum of consumer goods, investment goods, government services, and net exports (exports minus imports). Here, it's $10 trillion + $4 trillion + $6 trillion + ($4 trillion - $5 trillion) = $19 trillion.

Suppose During a Year an Economy Produces $10 Trillion of Consumer