Question

Let us imagine that there is a country which displays the following statistics. C (Consumption) is one-half of GDP, and I (Investment) is one-sixth of GDP. G (Government expenditure) is $2000 larger than investment. The country has a trade deficit of $700. What is the country's GDP

Answer 1

Answer: $3903

Step-by-step explanation:

The gross domestic product for a country is simply used to know the value of the goods and the services that are being produced in that particular country. It should be noted that the formula for calculating GDP = C+I+G+(X-M)

Based on the information given in the question, the answer is $3903.

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