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11 January, 18:27

Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then:

A. exports exceed imports by $50 billion.

B. imports exceed exports by $50 billion.

C. imports exceed exports by $150 billion.

D. exports exceed imports by $150 billion.

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  1. 11 January, 20:28
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    A. exports exceed imports by $50 billion.

    Explanation:

    GDP = Consumption spending + Investment + Government Spending + Net Export

    Net Export = Export - Import

    1.2 = 0.69 + 0.2 + 0.26 + Net Export

    Net Export = $0.05 trillion

    Net Export was $50 billion. Since net export is positive, exports exceeds import by $50 billion.
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Home » Business » Gross Domestic Product equals $1.2 trillion. If consumption equals $690 billion, investment equals $200 billion, and government spending equals $260 billion, then: A. exports exceed imports by $50 billion. B. imports exceed exports by $50 billion. C.
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