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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?

Question

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?

check_circleAnswer
Step 1

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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