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The table below details the composition of an economy’s GDP by spending category.

Category Expenditures (billions of dollars)
Fixed business investment $3,650.00
Durable goods $2,150.00
Exports $650.00
Federal government purchases $1,400.00
New home construction $1,150.00
Imports $780.00
Change in inventories $-250.00
Nondurable goods $4,850.00
Services $8,900.00
State and local government purchases $2,550.00
Use the information in the table to calculate the following:

a) Consumption: $
15900
billion

b) Investment: $
billion

c) Government: $
billion

d) Net exports: $
billion

e) GDP: $
billion

User Zsolti
by
8.6k points

1 Answer

3 votes

its e) GDP: $

billion. hope this helps

User Steve Bauman
by
8.1k points