if consumption is $3.8 trillion, investment is $1.1trillion, government spending is $1.1 trillion,imports are $1.6 trillion, and exports are $1.4trillion, how much is GDP?

here we calculate the GDP which are as follow-

Answered: if consumption is $3.8 trillion,…

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter11: Fiscal Policy

Section: Chapter Questions

Problem 12E

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if consumption is $3.8 trillion, investment is $1.1 trillion, government spending is $1.1 trillion, imports are $1.6 trillion, and exports are $1.4 trillion, how much is GDP?