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30 January, 03:28

Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 10.40 trillions of rupees. Individuals save: 5.28 trillions of rupees. Businesses invest: 1.25 trillions of rupees. Foreigners spend: 0.65 trillions of rupees to purchase Pakistani firms. Pakistan imports: 1.99 trillions of rupees. Pakistan exports: 1.24 trillions of rupees. Calculate Pakistan's GDP. Assume that the values are all current and no conversions need to be made. Give your answer in terms of trillions of rupees, and round to two decimals. Pakistan's GDP: trillions of rupees

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  1. 30 January, 03:44
    0
    13.5 trillions

    Explanation:

    The formula to compute the GDP is shown below:

    GDP = Consumption + Investment + Government purchase + Net exports

    where,

    Consumption = 10.40 trillions

    Investment = 1.25 trillions

    Government purchase = 2.60 trillions

    Net exports = Exports - imports

    = 1.24 trillions - 1.99 trillions

    So, the Pakistan's GDP would be

    = 10.40 trillions + 1.25 trillions + 2.60 trillions + 1.24 trillions - 1.99 trillions

    = 13.5 trillions
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Home » Business » Consider the information about the economy of Pakistan. Note that the currency of Pakistan is the rupee. The government purchases: 2.60 trillions of rupees. Individuals consume: 10.40 trillions of rupees. Individuals save: 5.28 trillions of rupees.
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