Calculate consumer spending given the following information:
gdp = $96 million
government spending = $19 million
financial investment spending = $12 million
investment spending = $18 million
net exports = $2 million

The consumer spending is $57 million.

Step-by-step explanation:

Given information: GDP = $96 million, Government spending = $19 million, Financial investment spending = $12 million, Investment spending = $18 million, Net exports = $2 million.

The formula for gross domestic product (GDP ) is

where, C is consumption, I is Investment, G is government + NX is net Exports.

Substitute GDP=96, I=18, G=19 and NX=2 in the above formula.

Subtract 39 from both the sides.

Therefore the consumer spending is $57 million.

step-by-step explanation:

you divide the denominator by the numerator on both sides and if the quotients are equal then the fractions are equivalent