Answer to Question #320554 in Macroeconomics for Buhle

Question

Calculate the measurement used in assessing economic growth.

Based on the answer above, explain whether the economy performed.

Answer 1

Gross domestic product (GDP)

GDP = Consumption + Investment + Government Spending + Net Exports 

GDP = C + I + G + NX

The question is not complete. No figures are given for calculating. Kindly, make those corrections.

Thank you.