If exports are $500, GDP is $8000, government purchases are $1200, imports are $700, and investment is $800, then consumption is $6200.

Name: If exports are $500, GDP is $8000, government purchases are $1200, imports are $700, and investment is $800, then consumption is $6200.
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Quizplus · Accepted Answer

To find consumption, use the GDP formula: GDP = C + I + G + (X - M). Plug in the values: $8000 = C + $800 + $1200 + ($500 - $700). Solving for C gives $6200.

If Exports Are $500, GDP Is $8000, Government Purchases Are