Use the table to answer the question.
Category Quantity (millions of dollars)
Consumption 5
Investment 2
Government Spending 2
Exports 1
Imports 2
The total dollar value of consumption, investment, government spending, exports, and imports is provided in the table above. What is the GDP of this fictional country?
(1 point)
Responses
$12,000,000
12,000,000 dollars
$8,000,000
8,000,000 dollars
$9,000,000
9,000,000 dollars
$10,000,000
The GDP of the fictional country would be $10,000,000.
This is calculated by adding up all the categories: Consumption ($5 million) + Investment ($2 million) + Government Spending ($2 million) + Exports ($1 million) - Imports ($2 million) = $10 million.