Credit Sprint / Practice problems / GDP from its components

GDP from its components practice problems

Macroeconomics Unit 2. Try each one, then open the worked solution. The Credit Sprint app generates unlimited new versions with fresh numbers.

Problem 1.

C = $570B, I = $170B, G = $220B, exports = $130B and imports = $120B. What is GDP?

Show solution

570 + 170 + 220 + (130 − 120) = $970B.

Problem 2.

C = $800B, I = $130B, G = $330B, exports = $70B and imports = $60B. What is GDP?

Show solution

800 + 130 + 330 + (70 − 60) = $1270B.

Problem 3.

C = $700B, I = $200B, G = $300B, exports = $50B and imports = $140B. What is GDP?

Show solution

700 + 200 + 300 + (50 − 140) = $1110B.

Problem 4.

C = $650B, I = $250B, G = $170B, exports = $150B and imports = $110B. What is GDP?

Show solution

650 + 250 + 170 + (150 − 110) = $1110B.

Problem 5.

C = $400B, I = $190B, G = $340B, exports = $50B and imports = $80B. What is GDP?

Show solution

400 + 190 + 340 + (50 − 80) = $900B.

Problem 6.

C = $580B, I = $110B, G = $150B, exports = $80B and imports = $110B. What is GDP?

Show solution

580 + 110 + 150 + (80 − 110) = $810B.