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In the above diagram, flow Y was $16 trillion, flow C was $10 trillion, flow I was $3 trillion, and flow (X−M) was $6 trillion. Calculate GDP.

Answer :

The Gross domestic product (GDP) is $19 trillion.

In the diagram given,

flow Y was $16 trillion,

flow C was $10 trillion,

flow I was $3 trillion, and

flow (X-M) was $6 trillion.

The formula to calculate GDP is:

GDP = C + I + G + (X-M)

Here, G = 0 (as the diagram does not provide information about government spending)

Substituting the given values, we get:

GDP = 10 + 3 + 0 + 6

GDP = 19.

Therefore, the Gross domestic product (GDP) is $19 trillion.

To learn more about Gross domestic product from the given link.

https://brainly.com/question/1383956

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Rewritten by : Jeany

If flow Y was $16 trillion, flow C was $10 trillion, flow I was $3 trillion, and flow (X−M) was $6 trillion. The GDP is $19 trillion.

What is the GDP?

Using this formula to find the GDP

GDP = C + I + G + (X - M)

Where:

C (Consumption) = $10 trillion

I (Investment) = $3 trillion

(X - M) (Net exports) = $6 trillion

GDP = C + I + (X - M)

Substituting

GDP = $10 trillion + $3 trillion + $6 trillion

GDP = $19 trillion

Therefore the GDP is $19 trillion.

Learn more about GDP here:https://brainly.com/question/1383956

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