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Cosico is a nation that suffered a severe drought last year. Because most citizens are farmers, they endured financial losses. Consumer spending was...
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<br/> -Cosico is a nation that suffered a severe drought last year.

Because most citizens are farmers, they endured financial losses. Consumer spending was only $3.5 million on goods and services. The government spent $13 million on national defense and $5.5 million on a water storage facility. The only import last year was bottled water. Cosico imported $16 million of bottled water from a neighboring nation. Due to the drought, there was no available agriculture to export. Total exports were $0. As expected, investment was very small, with only $1.4 million invested for the year.Calculate the GDP

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Subject: Business, Economics

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