A country’s GDP is being measured by expenditure. Various categories of expenditure are recorded as follows: Households’

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answerhappygod
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A country’s GDP is being measured by expenditure. Various categories of expenditure are recorded as follows: Households’

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A country’s GDP is being measured by expenditure. Various
categories of expenditure are recorded as follows: Households’
spending on consumption = $100bn, Firms’ spending on capital goods
= $15bn, Firms’ addition to inventories = $1bn, Government spending
on services = $10bn, Government spending on capital goods = $2bn,
Government transfers (social security etc) = $10bn, Exports =
$12bn, Imports = $10bn. What is the correct estimate of GDP in
billion dollars?
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