For the country of Madagascar government spending was $15,000 in 2007. Consumption was $88,000, investment was $10,250, exports were $2500, and imports were $3500. What was GDP equal to?
For the country of Madagascar government spending was $15,000 in 2007. Consumption was $88,000, investment was $10,250, exports were $2500, and imports were $3500. What was GDP equal to?
GDP under expenditure method is computed by adding up following items:
1. Consumption expenditure of households.
2. Government spending
3. Investment made
4. Net Exports.
Note...
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Economics
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