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20 November, 07:10

In the economy of Talikastan in 2015, consumption was $5300, GDP was $8800, government purchases were $1800, imports were $600, and investment was $2000. What were Talikastan's exports in 2015?

a. - $900

b. - $600

c. $200

d. $300

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Answers (1)
  1. 20 November, 07:43
    0
    Talikastan's exports in 2015 is $ 300.

    Explanation:

    This question requires us to calculate export of Talikastan. We can easily determine export by putting value in the equation use for calculating gross domestic production of a country.

    GDP = consumption + investment + spending + (exports - imports)

    8800 = 5300 + 2000 + 1800 + export - 600

    Export = $ 300
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