With the following information calculate the GDP for nation X The country's spending on...

50.1K

Verified Solution

Question

Accounting

With the following information calculate the GDP for nation X

  • The country's spending on consumer goods and services was $60
  • Businesses invested $15 and built up their inventories of goods $5
  • The Government of X spent $25 on goods and services and made $5 of transfer payments
  • X exports $10 of goods and services while importing $15
a.

$105

b.

$100

c.

$95

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students