The following table shows the data for a hypothetical economy in a specific year. All figures are in bilions of dollars. Category BI1lions oE Dollars $50 30 Personal consumption expenditures Purchases of stocks and bonde Net export Government purchases Sales of secondhand itema Gross investnent -10 20 25 Instructions: Enter your answer as a whole number. What is the country's GDP for the year? billion

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
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The following table shows the data for a hypothetical economy in a specific year. All figures are in billions of dollars.
Category
Personal consumption expenditures
BI11ions of Dollars
$50
Purchases of stocks and bonds
30
-10
Net exporta
Government purchases
Sales of secondhand items
20
Gross investment
25
Instructions: Enter your answer as a whole number.
What is the country's GDP for the year?
billion
Transcribed Image Text:The following table shows the data for a hypothetical economy in a specific year. All figures are in billions of dollars. Category Personal consumption expenditures BI11ions of Dollars $50 Purchases of stocks and bonds 30 -10 Net exporta Government purchases Sales of secondhand items 20 Gross investment 25 Instructions: Enter your answer as a whole number. What is the country's GDP for the year? billion
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