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In a small economy, consumption spending in 2009 is $6,000, government spending is $1,200, gross investment is $1,500, exports are $2,000, and imports are $1,000. What is gross domestic product in 2009?

User Ivstas
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1 Answer

6 votes

Answer:

the gross domestic product is $9,700

Step-by-step explanation:

The computation of the gross domestic product is shown below

= Consumption spending + government spending + gross investment + exports - imports

= $6,000 + $1,200 + $1,500 + $2,000 - $1,000

= $9,700

Hence, the gross domestic product is $9,700

We simply applied the above formula so that the correct value could come

And, the same is to be considered

User Drudru
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9.4k points
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