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Consumption spending is $5 million, planned investment spending is $8 million, unplanned investment spending is $2 million, government purchases are $10 million, and net export spending is $2 million. What is GDP?

Respuesta :

Answer: $27 million

Explanation:

Given that,

Consumption spending = $5 million

Planned investment spending = $8 million

Unplanned investment spending = $2 million

Government purchases = $10 million

Net export spending = $2 million

GDP = Consumption spending + Planned investment spending + Unplanned investment spending + Government purchases + Net Exports

       = ($5 + $8 + $2 + $10 + $2) million

       = $27 million

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