The Following Are National Income Account Data for a Hypothetical

Multiple Choice

The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1,050) , personal consumption expenditures ($4,800) , imports ($370) ,
Exports ($240) , and gross private domestic investment ($1,130) . What is GDP for this economy?

A) $7,220 billion
B) $6,980 billion
C) $6,850 billion
D) $6,610 billion