The table provides economic data for the country of Sammy, including values for changes in inventory, welfare payments, government purchases, imports, exports, household and firm purchases, unemployment benefits, salaries, and retirement payments. Sammy's GDP, calculated as the sum of consumption, investment, government spending, and exports minus imports based on the data in the table, is $31,404.

1. #15
The followig table shows data for the country of Sammy
Using only the information on the table, what is Sammy's GDP?Changes in
inventory$948Welfare payments to households$1,121Federal government pruchases of military
equipment$4,007Domestic purchases of foreign cars$1,152Household purchases of durable
goods$2,726Unemployment benefits paid by the federal government$2,108Household purchases
of services$6,661Foreign purchases of domestically produced airplanes$3,968Purchases of
machinery and equipment by firms$894Household purchases of nondurable goods$5,298Salaries
of government workers$3,384Payments to retired federal government employees$289
Solution
GDP= Consumption expenditure+Investments+ Government Spending+ (Export-
Import)Changes in inventory$948Investment ExpenditureWelfare payments to
households$1,121Government expenditureFederal government pruchases of military
equipment$4,007Government expenditureDomestic purchases of foreign
cars$1,152ImportsHousehold purchases of durable goods$2,726Consumption
expenditureUnemployment benefits paid by the federal government$2,108Government
expenditureHousehold purchases of services$6,661Consumption expenditureForeign purchases
of domestically produced airplanes$3,968ExportsPurchases of machinery and equipment by
firms$894Consumption expenditureHousehold purchases of nondurable
goods$5,298Consumption expenditureSalaries of government workers$3,384Government
expenditurePayments to retired federal government employees$289Government
expenditure$31,404