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Answer :
Final answer:
Country A has a GDP of $3,030 billion.
Explanation:
To calculate the dollar value of GDP, we need to add up all the components of expenditure: consumption spending, government purchases, business investment, and net exports. In this case, the given values are:
- Export sales: $20 billion
- Government purchases: $1,000 billion
- Business investment: $50 billion
- Imports: $40 billion
- Consumption spending: $2,000 billion
To find GDP, we subtract the value of imports from the total expenditure:
GDP = Consumption spending + Government purchases + Business investment + Export sales - Imports
Plugging in the values:
GDP = $2,000 billion + $1,000 billion + $50 billion + $20 billion - $40 billion
GDP = $3,030 billion
Therefore, the dollar value of GDP is $3,030 billion.
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Rewritten by : Jeany
