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Consumption of Fixed Capital$25Government Purchases315US imports260Personal Taxes45Transfer Payments247US Exports249Personal Consumption Expenditures475Net Foreign Factor Income5Gross Private Domestic Investment300Taxes on Production and Imports245Undistributed Corporate Profits60Social Security Contributions240Corporate Income Taxes65Statistical Discrepancy40

Respuesta :

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Answer:

$1,079 billion

Explanation:

Calculation to determine what Gross domestic product is

Using this formula

Gross domestic product = Personal Consumption Expenditures + Gross Private Domestic Investment + Government Purchases + Net exports

Let plug in the formula

Gross domestic product = $475 + $300 + $315 + ($249 - $260)

Gross domestic product =$475 + $300 + $315 + +$11

Gross domestic product = $1,079 billion

Therefore Gross domestic product is $1,079 billion

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