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A country's GDP is being measured by expenditure. Various categories of expenditure are recorded as follows: Households'
Posted: Thu May 19, 2022 9:09 am
by answerhappygod
- A Country S Gdp Is Being Measured By Expenditure Various Categories Of Expenditure Are Recorded As Follows Households 1 (38.47 KiB) Viewed 120 times
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?