Answer:
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
[tex]GDP=C+I+G+NX[/tex]
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.
[tex]96=C+18+19+2[/tex]
[tex]96=C+39[/tex]
Subtract 39 from both the sides.
[tex]96-39=C+39-39[/tex]
[tex]57=C[/tex]
Therefore the consumer spending is $57 million.
