In the economy of Talikastan in 2015,consumption was two-thirds of GDP,government purchases were $1000 more than investment,investment was one-ninth of GDP,and the value of exports exceeded the value of imports by $500.What was Talikastan's GDP in 2015?

Question

Quizplus · Accepted Answer

GDP = C + I + G + (X - M)= (2/3)GDP + (1/9)GDP + (1/9)GDP + 1000 + 500= (16/9)GDP + 1500= 16GDP + 13500= 13500GDP = 13500

In the Economy of Talikastan in 2015,consumption Was Two-Thirds of GDP,government