In 2024, General Electric imported $141 million worth of ste…
In 2024, General Electric imported $141 million worth of steel from South Korea. Consumers purchased dishwashers containing $103 million worth of steel in 2024. The remaining steel was used in the production of washing machines sold to consumers in January of 2025. You are currently calculating GDP for 2024 using the expenditure approach. Based on the information above you know that total GDP in 2024 changed by $_________ million as a result of these steel imports. Enter a positive number for an increase and negative number for a decrease.
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