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ID: 1151496 • Letter: O
Question
Of of C a Secure https//ng.cengage.com/staticinb/ui/index htmnbid -832988ribNodeld 3206970668elS8N:9781337622042el8parent MINDTAP mework (Ch 10) on jun 21 at 6 PM EDT ck to Assignment tempts: 4. Measuring GDP The following table shows data an consumption, investments, exports imports and government expenditures for the United States in 2007, as Keep the Highest: /l published by the Bureau of Economic Analysis. All igures are in billions of dollars Fill in the missing cels un the table to calculate GOP using the expengiture approach Consumption (C) Investment (T) Exports (X) Imports (M) Net Exports of Goods and Services (Billions of doflars) 9,734.2 2,125.4 1,643.0 2,351.0 2,689.8 Gross Domestic Product (GDP)Explanation / Answer
Net export = export - import = 1643 - 2351 = - 708 billion of dollars
GDP = C + I + G + X - M = 9734.2 + 2125.4 + 2589.8 + 1643 - 2351 = 13741.4 billions of dollars
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