refer to the accompanying data..
Government Purchases Personal Consumption Gross Investment Consumption of Fixed Capital (depreciation) Exports Imports $15 122 25 5 8 8 12 Refer to the accompanying data (all figures in billions of dollars). GDP is Multiple Choice $146. $158. $166.
Refer to the accompanying data (all figures in billions of dollars). GDP is Multiple Choice $146 $158 $166 $162
Answer
Answer is option b i.e. $158.
Explanation:
The GDP calculation has been shown below:
GDP is the money value of all final goods and services produced
in an economy in one accounting year.
Therefore, GDP= Personal Consumption+ Gross Investment+
Government Purchases+ Exports-Imports
GDP= 122+ 25+ 15+ 8-12
GDP= $158
Note: Consumption of fixed capital is not included in GDP
calculation.