Below are some national income data (all figures in $ billions):

-Refer to the information above to answer this question.What is the value of gross domestic product?

Question

Below are some national income data (all figures in $ billions):
 
-Refer to the information above to answer this question.What is the value of gross domestic product?

Quizplus · Accepted Answer

Gross domestic product (GDP) is the total value of all goods and services produced within a country in a given period. To calculate GDP, we need to sum up the value added by all sectors of the economy. In this case, the sum of consumption (C), investment (I), government spending (G), and net exports (NX) equals  $349 billion, which is the value of GDP.

Below Are Some National Income Data (All Figures in