ics, Cars, F. Amazon.com: Onlin.. Other MINDTAP Nicholas De Cesped (? ? Homework

Question

ics, Cars, F. Amazon.com: Onlin.. Other MINDTAP Nicholas De Cesped (? ? Homework (Ch 10) Due Today at 11 PM EDT 4. Measuring GDP table shows data on consumpti?n, Investments, exports, imports, and government expenditures for the United States in 2008, as published by the Bureau of Economic Analysis. All figures are in bilions of dollars Fill in the missing cells in the table to calculate GDP using the expenditure approach Consumption (C) Investment (I) Exports (x) Imports (M) Net Exports of Goods and Services Data (Billions of dollars) 10,035.5 2,087.6 1,846.8 2,556.5 2,878.1 Gross Domestic Product (GDP) Grade it Now ave & Continue (X

Explanation / Answer

ANSWER:

1) Net exports = exports - imports = 1,846.8 - 2,556.5 = -709.7

2) gdp = c + i + g + nx = 10,035.5 + 2,087.6 + 2,878.1 + ( -709.7) = 14,291.5

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