The following table shows the composition of GDP in 2015 for a hypothetical coun
ID: 1146378 • 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
2,476
1,994
?
Net Exports
Exports (X)
Imports (IM)
?
2,301
2,772
The Composition of GDP 2015 Billions of Dollars GDP (Y) ? Consumption (C) 11229Investment (I)
Nonresidential
Residential
2,476
1,994
?
Government Spending 3,111Net Exports
Exports (X)
Imports (IM)
?
2,301
2,772
Inventory Investment -9Explanation / Answer
Net Exports = Export - Imports = 2301 - 2772 = 471
Residential Investment = Investment - Nonresidential = 2476 - 1994 = 482
GDP = Consumption + Investment + Government spending + Net exports
= 11229 + 2476 + 3111 + 471 = 17,287
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