Question

In Zembla in 2018, Consumption was 220, residential investment was 20, nonresidential investment was 30, there was no change in business inventory, government spending was 45, exports were 60 and imports were 75. What was GDP?

Answer 1

Before answering the question let us have a brief idea about the GDP

GDP is the production of final goods and services within the boundary of a country in a financial year

it is generally measured in quarterly or yearly basis

By expenditure method i,is the sum of consumption ,investment, government spending and export

where net export is a different difference of export and import

Investment is generally are of three types that are-

residential

non residential and

change in business inventory

Goop is Here's By expendifare methods given by : Gop & Consumption to investment t Grovement spending + (expost import) Crop = 220+ ( 20 +30 tot 45+ (60-75) Do 220+ 50 +45 -15 I GOD = 3.00