The country’s GDP for the year is $95 billion.
In economics, the gross domestic product (GDP) refers to measurement of the final value of product and service produce inside the country boundary in specific period of time.
To calculate the GDP in this table, we will use the data given.
Personal consumption expenditures = 60 billion
Purchases of stocks and bonds = 30 billion
Net exports = - 10 billion
Government purchases = 20 billion'
Sales of secondhand items = 8 billion
Gross investment = 25 billion
The gross domestic product:
= Consumption + Investment +Government Expenditure + Net Export
= (60 + 25 + 20 -10) billion
= $95 billion
Therefore, the country’s GDP for the year is $95 billion.
The full question is:
he following table shows the data for a hypothetical economy in a specific year. All figures are in billions of dollars. Category Personal consumption expenditures Purchases of stocks and bonds Net exports Government purchases Sales of secondhand items Gross investment Value $60 30 -10 20 25 Instructions: Enter your answer as a whole number. What is the country's GDP for the year?