Question

"In the economy of OKC in 2008, consumption was $3000, GDP was $5500, government purchases were $1000, imports were $2000, and investment was $1000. What were OKC’s exports in 2008?"

Answer 1

Expert will be equal to $2500

Step-by-step explanation:

We have given consumption = $3000

GDP is given $5500

Government purchase = $1000

Import = $2000

There is an investment of $1000

We have to find the export

We know that GDP is given by

GDP = consumption + investment + government purchase + export- import

5500 = 3000+1000+1000+export - 1000

Export = $2500

So expert will be equal to $2500