Based on the calculations, the United States of Durbin's GDP is equal to $205.
GDP is an abbreviation for gross domestic product and it can be defined as a measure of the total market value of all finished goods and services that are produced and provided within a country over a specific period of time.
In Financial accounting, it is very important to note that all exports are added to GDP while imports are subtracted from GDP when calculating net exports.
Mathematically, the United States of Durbin's GDP can be calculated by using this formula:
GDP = Consumption + Investment + Government spending + (Exports – Imports)
GDP = $110 + $50 + $45 + ($25 – $25)
GDP = $205.
Read more on GDP here: brainly.com/question/1383956
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Complete Question:
Suppose that the United States of Durbin, a small nation, has consumption, investment, government purchases, imports, and exports as follows:
Consumption $110
Investment $50
Government purchases $45
Imports $25
Exports $25
Calculate the United States of Durbin's GDP
