Question

GDP in an economy is $11,050 billion. Consumer expenditures are $7,735 billion, government purchases are $1,989 billion, and gross investment is $1,410 billion. Net exports must be____________.

Answer 1

Answer:

$-84 billion

Explanation:

GDP = Consumption spending + Investment spending + Government Spending + Net Export

$11,050 billion = $7,735 billion + $1,989 + $1,410 billion + Net Export

Net Export = $-84 billion

I hope my answer helps you