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Answer :
Final answer:
The GDP of the economy is $20 trillion.
Explanation:
To calculate the GDP of the economy, we need to sum up the values of consumer goods, investment goods, government services, and net exports (exports minus imports).
Given:
- Consumer goods: $11 trillion
- Investment goods: $3 trillion
- Government services: $5 trillion
- Exports: $2 trillion
- Imports: $1 trillion
To calculate the GDP, we add up these values:
- Consumer goods + Investment goods + Government services + Exports - Imports
- $11 trillion + $3 trillion + $5 trillion + $2 trillion - $1 trillion
- $11 trillion + $3 trillion + $5 trillion + $1 trillion
- $20 trillion
Therefore, the GDP of the economy is $20 trillion.
Learn more about calculating gdp here:
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