10
lesson pretestMultiple Choice

Pretest

Question 10 • Financial Math

A country reports the following data for a given year. Household consumption: $200 billion Business investments: $50 billion Government spending: $100 billion Exports: $30 billion Imports: $20 billion What is the country's GDP?

Answer
A
$300 billion
B
$400 billion
C
$360 billion
D
$320 billion

Explanation

GDP is calculated as consumption + investment + government spending + exports − imports. Substituting the figures gives $200 billion + $50 billion + $100 billion + $30 billion − $20 billion = $360 billion. Therefore, the correct choice is C, $360 billion.

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