Expenditure approach to gdp

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Consider Country S: In 2019, Country S had $14 trillion in consumption spending, $5 trillion dollars in government consumption, $3 tillion in business investment, $6 trillion in intermediate goods, $1 trillion in exports, $3 trillion in imports, $0.5 trillion in sales of used goods, and the government collected $2.5 trillion in taxes. Calculate the GDP of Country S in 2018 using the expenditure approach to GDP.

a. $19.5 trillion

b. $20 trillion

c. $21 trillion

d. $22 trillion

e. $23.5 trillion

f. $24.5 trillion

g. $29 trillion

h. $30.5 trillion

Reference no: EM133063885

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