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