The following table shows the composition of GDP in 2015 for a hypothetical coun
ID: 1145881 • Letter: T
Question
The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the table by recording values for GDP, residential investment, and net exports.
Investment (I)
Nonresidential
Residential
2,731
2,087
?
Net Exports
Exports (X)
Imports (IM)
?
2,071
2,414
The Composition of GDP 2015 Billions of Dollars GDP (Y) ? Consumption (C) 10858Investment (I)
Nonresidential
Residential
2,731
2,087
?
Government Spending 3,341Net Exports
Exports (X)
Imports (IM)
?
2,071
2,414
Inventory Investment 64Explanation / Answer
The Composition of GDP 2015
Billions of Dollars
GDP (Y)
16,651
1
Consumption (C)
10858
2
Investment (I)
2,731
Nonresidential
2,087
Residential
644
3
Government Spending
3,341
4
Net Exports
-343
Exports (X)
2,071
Imports (IM)
2,414
5
Inventory Investment
64
GDP (Y) = C+I+G+(X-IM)
I = Non residential+Residential+Inventory Investment
Net exports = X-IM
The Composition of GDP 2015
Billions of Dollars
GDP (Y)
16,651
1
Consumption (C)
10858
2
Investment (I)
2,731
Nonresidential
2,087
Residential
644
3
Government Spending
3,341
4
Net Exports
-343
Exports (X)
2,071
Imports (IM)
2,414
5
Inventory Investment
64
Related Questions
drjack9650@gmail.com
Navigate
Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.