Suppose that for the economy of Utopia, we have the following information for 2018: consumption expenditures = $5,000; wages = $3,500; gross private domestic investment = $1,200; government expenditures = $2,000; exports = $900; imports = $1,100. Using the expenditure approach what would the Gross Domestic Product (GDP) be for Utopia in 2018?
A) $6,200
B) $8,000
C) $8,400
D) $11,500
E) $11,900

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The Answer of Suppose that for the economy of Utopia, we have the following information for 2018: consumption expenditures = $5,000; wages = $3,500; gross private domestic investment = $1,200; government expenditures = $2,000; exports = $900; imports = $1,100. Using the expenditure approach what would the Gross Domestic Product (GDP) be for Utopia in 2018?
A) $6,200
B) $8,000
C) $8,400
D) $11,500
E) $11,900

Suppose That for the Economy of Utopia, We Have the Following