In the economy of Talikastan in 2015,consumption was $6000,exports were $1000,GDP was $10,000,government purchases were $1800,and imports were $1200.What was Talikastan's investment in 2015?

Question

Quizplus · Accepted Answer

We can use the formula of GDP:
GDP = Consumption + Investment + Government Purchases + Net Exports
Rearranging this formula, we get:
Investment = GDP - Consumption - Government Purchases - Net Exports
Substituting the given values,
Investment = $10,000 - $6,000 - $1,800 - ($1,000 - $1,200) = $2,400
Therefore, the investment in Talikastan in 2015 was $2,400, which corresponds to choice C.

In the Economy of Talikastan in 2015,consumption Was $6000,exports Were