A country reports the following data for a given year. Household consumption: $500 billion Business investments: $200 billion Government spending: $300 billion Exports: $150 billion Imports: $100 billion How can you calculate the GDP using the expenditure approach?

The expenditure approach calculates GDP as consumption + investment + government spending + net exports, where net exports equal exports minus imports. Here, net exports are $150 billion − $100 billion = $50 billion, so GDP is $500 billion + $200 billion + $300 billion + $50 billion = $1,050 billion. Choice C correctly describes this calculation.

AI-written and checked against the verified answer.