The table gives data on the economy of Iberia. Calculate Iberia’s imports of goods and services. Iberia’s imports of goods and services equal $ billion.
Since GDP = consumption+saving+net taxes
= 63+14+16 billion
= 93 billion
Also, GDP = C+I+G+(E-I)
93 = 63+25+18+(26-I)
93 = 132-I
I = 132-93 = 39 BILLION
Latest posts by Answer Prime (see all)
- Protecting your Business should be easy in 2023 – Workplace Safety Recommendations - September 3, 2023
- Which of these chess pieces starts on square a1 and h1,and a8 and h8? - September 3, 2023
- Which character trait of salamano is contrasted with mersault? - September 3, 2023