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Consumption spending is​ $5 million, planned investment spending is​ $8 million, unplanned investment spending is​ $2 million, government purchases are​ $10 million, and net export spending is​ $2 million. What is​ GDP? A. ​$25 million B. ​$27 million C. ​$15 million D. ​$23 million

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Answer:

The correct answer is B.

Explanation:

Giving the following information:

Consumption spending is​ $5 million, planned investment spending is​ $8 million, unplanned investment spending is​ $2 million, government purchases are​ $10 million, and net export spending is​ $2 million.

GDP= C + I + G + X - N

GDP= 5 + 10 + 10 + 2= 27 million

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