SIE Exam Practice Question 1013
Question: 1013
A research analyst provides the following economic information for
Country X:
Consumption: $11.4 billion
Government spending: $3.3 billion
Capital consumption allowance: $5.0 billion
Gross private domestic investment: $6.2 billion
Imports: $2.9 billion
Exports: $1.8 billion
What is the gross domestic product (GDP) of Country X?
Correct Answer: C
Explanation:
GDP = C + I + G + (X - M)
GDP = $11.4 + $6.2 + $3.3 + ($1.8 - $2.9) = $19.8 billion
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