Select Any One Of the Following Options: The GDP of a small country: $ 100 billion. Gross Private investment: $30 billion. Consumption expenditure: $60 billion and Net export: (minus) $ 10 billion. What would be the value of G?$30 billion$ 20 billion0$ 10 billion

The GDP (Gross Domestic Product) of a country is calculated as the sum of Consumption, Investment, Government spending, and Net exports. In this case, you have provided the values for Consumption (C), Investment (I), and Net exports (X-M). The GDP is also given.

The formula for GDP is:

GDP = C + I + G + (X-M)

Where: C = Consumption expenditure I = Gross Private investment G = Government spending X = Exports M = Imports

Given: GDP = $100 billion C =$60 billion I = $30 billion X-M = -$10 billion (This is negative because the value of imports is greater than the value of exports)

We can substitute these values into the formula and solve for G:

$100 billion =$60 billion + $30 billion + G -$10 billion

Solving for G gives:

G = $100 billion -$60 billion - $30 billion +$10 billion G = $20 billion

So, the value of G (Government spending) is $20 billion.

The GDP (Gross Domestic Product) of a country is calculated as the sum of Consumption, Investment, Government spending, and Net exports. In this case, we have:

• Consumption expenditure: $60 billion
• Gross Private investment: $30 billion
• Net export: -$10 billion (which means the country imports more than it exports)

The GDP is given as $100 billion.

We can calculate the Government spending (G) using the formula:

GDP = Consumption + Investment + Government spending + Net exports

So, rearranging for G we get:

Government spending (G) = GDP - Consumption - Investment - Net exports

Substituting the given values:

G = $100 billion -$60 billion - $30 billion - (-$10 billion)

G = $100 billion -$60 billion - $30 billion +$10 billion

G = $20 billion

So, the value of G (Government spending) is $20 billion.