Why did take 6 years before florida became a state?

a. consumption

b. export

c. Investment

d. Government spending

e. consumption, import

Explanation:

Gross domestic product is the total sum of final goods and services produced in an economy within a given period which is usually a year

GDP calculated using the expenditure approach = Consumption spending by households + Investment spending by businesses + Government spending + Net export

Net export = exports – imports

When exports exceeds import there is a trade deficit and when import exceeds import, there is a trade surplus.  

Items not included in the calculation off GDP includes:  

1.services not rendered to oneself

2.Activities not reported to the government  

3.illegal activities

4.sale or purchase of used products

5.sale or purchase of intermediate products

Latasha's purchase of the made in US video camera would be added as part of consumption spending by households on durable goods.

Latasha's father's purchase of Vermont syrup would be added as export in US's GDP. Export are goods that are sold to other countries.

government purchases includes all of the government spending.

the computer upgrade would be added a part of investment. Investment includes all of business spending.

Jake imported the wine, so it would be recorded as import and also as part of consumption spending on non durable goods