Question

If consumption expenditures are $500 million, net investment is $100 million, depreciation equals $5 million, imports are $50 million, exports are $55 million, government expenditure on goods and services is $220 million, and government transfer payments are $20 million, then GDP is;

A) $790 million.
B) $800 million.
C) $830 million.
D) $850 million.

Answer 1

Your answer is........C) $830 million.