Question Completion Status Expenditures for consumer goods a

Question Completion Status: Expenditures for consumer goods and services$4.565 Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports $740 $1.465 $510 225 $520 $825 $865 S185 Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer pavments to households Net interest payments to households $750 $45 $20 $690 So Click Save and Submit to save and submit. Click Save All Ansvers to save all Save All Answers 0?? Search the web and Windows

Solution

The correct choice is $ 6,810 billion

According to expenditure approach of calculating GDP

GDP = C + I + G + NX

GDP = $ 4565 + $ 865 + $ 1465 + ( $ 740 - $ 825)

GDP = $ 6,810 billion