Use the table to answer the question.

Consumption $2,000
Investment $1,000
Government Spending $1,000
Imports $500
Exports $600

The market value for each type of expenditure is given for a hypothetical country in the table above. Calculate the gross domestic product of this country.
a

$3,900
b

$4,100
c

$5,100
d

$4,000

1 answer

The gross domestic product (GDP) is calculated by adding all the types of expenditure: GDP = consumption + investment + government spending + exports - imports. Plugging in the given values, we get:

GDP = $2,000 + $1,000 + $1,000 + $600 - $500
GDP = $4,100

Therefore, the answer is (b) $4,100.
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