Question

Calculate the GDP using the data below (all figures are shown in millions)

Personal Consumption = $50

Government Consumption = $20

Business Consumption = $80

Gross Investments = $100


MULTIPLE CHOICE >>

$150 million

$100 million

$250 million

$200 million

Answer 1

$250 million.

Step-by-step explanation:

To calculate the GDP using the following data (Personal Consumption = $ 50, Government Consumption = $ 20, Business Consumption = $ 80 and Gross Investments = $ 100) the following calculation must be performed:

50 million + 20 million + 80 million + 100 million = X

250 million = X

Therefore, the GDP is $ 250 million.