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If exports are $2 trillion, imports are $3 trillion, government purchases are $11 trillion, investment is $12 trillion, and consumption is $30 trillion, how large is GDP?

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Answer :

$52 is the large is GDP, if exports are $2 trillion, imports are $3 trillion, government purchases are $11 trillion, investment is $12 trillion, and consumption is $30 trillion.

What is GDP?

GDP calculates the monetary value of the final goods and services—those purchased by the consumer—produced in a nation during a specific time period. It accounts for all the output produced inside a nation's boundaries.

For instance, if Country B produced 5 bananas value $1 each and 5 backrubs of $6 each in a year, the GDP would be $35. The GDP of Country B would be $40 if the price of bananas increased to $2 the next year and the amount produced remained same.

Thus, $52 is the large is GDP.

For more information about GDP, click here:

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