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But only $4,500 billion worth of goods and services is sold to domestic or foreign buyers. Is this nation’s GDP $5,000 billion or $4,500 billion? Explain your answer.

2007-02-27 06:22:18 · 1 answers · asked by styles4u 4 in Social Science Economics

1 answers

GDP is 5 Trillion

GDP = C +G+ (X-M)
You're concerned about (X-M), but this is only part of the GDP, and C digests the surplus of exports.

2007-02-27 06:31:58 · answer #1 · answered by Giggly Giraffe 7 · 0 0

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