Question

Does anyone know macroeconomics? need help with a calculation
Find government spending with the follow information:
GDP = $123 million 


Consumer spending = $72 million 


Financial investment spending = $12 million 


Investment spending = $25 million 


Net exports = $5 million

So I know the formula is: C + Ig + G + (X - M) = GDP I believe im finding G I think it goes something like this:
72,000,000 + 25,000,000 + G + (5,000,000)


im not sure though I have a few more questions like this so if anyone can help explain this one too me, I can do the rest on my own

Answer 1

how you get this X-M = 5 million ohhh this is given the net export wan being

ok.

72 million +25 million +G +5 million = 123 million

and from this equation you need getting the value of G
- so in the first step assume these 72 million and 25 million and 5 million
- in the second step what you ve got substract from both sides
and in this way will get sure the right value for G

hope helped

Answer 2

How was the course? I might consider it.

Answer 3

it was a struggle, but if you're into this kind this kind of stuff. Go for it.

Answer 4

How was the exam?

Answer 5

I didn't take the exam... it wasn't necessary for me.