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Given information about the economy of Pakistan, calculate Pakistan's GDP. Note that the currency of Pakistan is the rupee. Assume that the values are all current and no conversions need to be made. The government spends 3.40 trillion rupees. Individuals consume 9.60 trillion rupees. Individuals save 5.01 trillion rupees. Businesses invest 1.40 trillion rupees. Foreigners invest 0.70 trillion rupees. Pakistan imports 2.33 trillion rupees. Pakistan exports 1.23 trillion rupees. Pakistan's GDP is _________ trillion rupees.

Respuesta :

The Gross domestic product of Pakistan is 13.30 trillion rupees

The gross domestic product (GDP) of country is the total value of all the goods and services a country produces in a year.

GDP can be calculated using the expenditure approach. The expenditure approach entails adding the total amount spent by consumers, government and businesses in the production process.

GDP using the expenditure approach = amount spent by consumers + business investment + Government spending + (export - import)

9.60 + 3.40 + 1.40 + (1.23 - 2.33) =

9.60 + 3.40 + 1.40 -1.10 = 13.30 trillion rupees

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