Use the data below to answer the questions 1 & 2 Consumption Expenditures (C) $

Question

Use the data below to answer the questions 1 & 2

Consumption Expenditures (C) $ 8,000 billion
Government Expenditures (G) $ 2,280 billion
Investment Expenditures (I) $ 1,800 billion
Net Exports (Xn) $ 50 billion
Depreciation $ 350 billion

2. Gross Domestic Product (GDP) is equal to _______.
a. $12.130.
b. $12,450.
c. $12,480.
d. $12,880.

3. Which of the following statement is true according to the GDP data above?
a. The nation’s capital stock is declining.
b. Net Domestic product is equal to $12,080.
c. The country is experiencing a trade deficit.
d. The country is experiencing a trade surplus.

Explanation / Answer

2. Gross Domestic Product (GDP) is equal to $12,130

3. d. The country is experiencing a trade surplus.

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