Consider the data above (in billions of dollars) for an economy: Gross domesticproduct (in billions of dollars) for this economy equals6) A) $2,200. B) $1,600. C) $1,400. D) $1,200.

Question

Ariel White

Business

8 August, 21:06

Consider the data above (in billions of dollars) for an economy: Gross domesticproduct (in billions of dollars) for this economy equals6) A) $2,200. B) $1,600. C) $1,400. D) $1,200.

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Answers (1)

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Goon · Answer 1

D) $1,200

Explanation:

Following is the data that was missing from the question.

Consumption expenditures $800

Investment expenditures $200

Government purchases $300

Exports $100

Imports $200

Wages $800

Consumption expenditures + Investment expenditures + Government purchases + (Difference between Exports and Imports)

= $800 + $200 + $300 + ($100 - $200)

= $1,200