Question

Calculate the G.D.P, if the consumers of a country spent R220 Billion,

the government spends R50 Billion and businesses spend R100

Billion, exports totaled R25 Billion and imports R32 Billion.​

Answer 1

Answer: R363 billion

Step-by-step explanation:

The GDP will be calculated as:

= C + I + G + (X - M)

where

C = Consumption = 220 billion

I = Investment expenditure = 100 billion

G = Government spending = 50

X = Export = 25 billion

M = Import = 32

GDP = C + I + G + (X - M)

= 220 + 100 + 50 + (25 - 32)

= 370 - 7.

= 363 billion

The GDP is R363 billion