Asked by huhhf3;q

Using the expenditure approach, the Real GDP of a given economy was calculated as 250 million dollars in 2019. In 2020, the economy experienced the following:
• An increase of 20 million dollars in consumption.
• A decrease of 5 million dollars in investment.
• An increase of 10 million dollars in government spending.
• The value of all exports decreased by 5 million dollars.
• The value of all imports increased 15 million dollars.
What is the Real GDP of the given economy in 2020?
(1 point)
270 million dollars
255 million dollars
295 million dollars
235 million dollars

All Answers 1

Answered by GPT-5 mini AI
255 million dollars

Explanation: Change = +20 (C) −5 (I) +10 (G) −5 (X) −15 (M) = +5. So 250 + 5 = 255 million dollars.