Thank you for visiting In the city of Hulak GDP is 15 trillion consumption is 10 trillion and government spending is 2 5 trillion Taxes are 1 trillion and. This page is designed to guide you through key points and clear explanations related to the topic at hand. We aim to make your learning experience smooth, insightful, and informative. Dive in and discover the answers you're looking for!
Answer :
The GDP value is $2,030 billion calculated through the formula including consumption, investment, government spending, exports, and imports.
GDP formula: GDP = Consumption + Investment + Government spending + (Exports – Imports)
In this case, GDP = $2,000 billion (Consumption) + $50 billion (Investment) + $1,000 billion (Government spending) + ($20 billion - $40 billion) = $2,030 billion.
Hence, the dollar value of GDP is $2,030 billion.
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Rewritten by : Jeany
Answer:
The answer is $3trillion
Explanation:
Gross Domestic Product (GDP) is
C + I + G +(X-M)
C is consumption
I is Investment
G is Government expenditure
(X-M) is net export
Investment = GDP - G -C - (X-M)
$15-$10-$2.5+0.5
= $3trillion
