Use the following to answer questions:
-Table: Measuring GDP (billions of dollars)Use Table: Measuring GDP.GDP is equal to:
A) $500 billion.
B) $850 billion.
C) $995 billion.
D) $1000 billion.

Question

Use the following to answer questions: 
-Table: Measuring GDP (billions of dollars)Use Table: Measuring GDP.GDP is equal to:
A) $500 billion. 
B) $850 billion. 
C) $995 billion. 
D) $1000 billion.

Quizplus · Accepted Answer

The table shows that the total GDP is the sum of Consumption (C), Investment (I), Government Purchases (G), and Net Exports (NX). 
GDP = C + I + G + NX
= $590 + $160 + $245 + $0
= $995 billion

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