Calculate Country X's nominal gross domestic product (GDP)for 2017 using the expenditures approach. A 14 billion dollars B 18 billion dollars C 19 billion dollars D 20 billion dollars E 21 billion dollars

Question

Calculate Country X's nominal gross domestic product (GDP)for 2017 using the expenditures approach. A 14 billion dollars B 18 billion dollars C 19 billion dollars D 20 billion dollars E 21 billion dollars

Answer 1

### E. 21 billion dollars

Answer 2

## Step1: Identify Components of GDP### The nominal gross domestic product (GDP) using the expenditures approach is calculated by summing consumption, investment, government spending, and net exports of a country.## Step2: Calculate GDP Using Expenditures Approach### Sum up the consumption, investment, government spending, and net exports to get the total GDP.

Question

Calculate Country X's nominal gross domestic product (GDP)for 2017 using the expenditures approach. A 14 billion dollars B 18 billion dollars C 19 billion dollars D 20 billion dollars E 21 billion dollars

Answer

Answer

Explanation