Question

In a given year, a country's exports total 25 bil and its imports are 27 bil. Its net exports are

Answer 1

The dollar value of GDP is $3,030 billion.

Step-by-step explanation:

The subject of this question is Social Studies and the grade level is High School.

In this question, we are given the export sales, government purchases, business investment, imports, and consumption spending of Country A. To find the dollar value of GDP, we can use the equation:

GDP = Export Sales + Government Purchases + Business Investment + Consumption Spending - Imports

Now, let's substitute the values into the equation:

1. Export Sales = $20 billion
2. Government Purchases = $1,000 billion
3. Business Investment = $50 billion
4. Imports = $40 billion
5. Consumption Spending = $2,000 billion

We can now calculate the dollar value of GDP:

GDP = $20 billion + $1,000 billion + $50 billion + $2,000 billion - $40 billion = $3,030 billion

Therefore, the dollar value of GDP is $3,030 billion.