What is the GDP of Mario-opolis for 2019?
Based on the information given, what is the GDP for Mario-opolis in 2019?
A. $85,000,000
B. $135,000,000
C. $145,000,000
D. $160,000,000
E. Not enough information
Answer:
The GDP for Mario-opolis for 2019 is $145,000,000
The Gross Domestic Product (GDP) of a country is the total value of all goods and services produced within its borders in a specific period, usually a year. In this case, to calculate the GDP of Mario-opolis for 2019, we need to consider the following information:
Government in Mario-opolis spends $100,000,000 on food and cars produced in Mario-opolis in 2019
Firms in Mario-opolis spend $5,000,000 on equipment made in Mario-opolis in 2019
People in Mario-opolis spend $10,000,000 on uniforms produced in Maribel-stan in 2019
People in Mario-opolis also spend $30,000,000 on food and cars produced in Mario-opolis in 2019
By adding up all these expenditures, we get the GDP for Mario-opolis in 2019:
$100,000,000 + $5,000,000 + $10,000,000 + $30,000,000 = $145,000,000
Therefore, the GDP for Mario-opolis for 2019 is $145,000,000. This figure represents the total economic output of the country for that year.