Consider a country with consumption expenditures, private investment expenditures, government purchases, imports, and exports as summarized in the table below (each measured in millions of dollars):

Consumption expenditures	Investment expenditures	Government purchases	Imports	Exports
$797	$112	$235	$86	$104

For this country, “Gross Domestic Product (GDP) ” is equal to

1) $18 million

2) $234 million

3) $1,334 million

4) $1,162 million

Answer rating: 100% (QA)

Gross Domestic Product GDP is the sum of the market value of all goods and services produced w... View the full answer