ttempts: Average: 1 4. Measuring GDP The following table shows data on consumpti

Question

ttempts: Average: 1 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and go expenditures for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions 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 Government Purchases (G) Gross Domestic Product (GDP) Data Billions of dollars) 9,734.2 2,125.4 1,643.0 2,351.0 2,689.8 Grade It Nowcntinue Continue without saving

Explanation / Answer

Consumption 9734.2 Investment 2125.4 Exports 1643 Imports 2351 Net eexports of goods and service -708 Government Purchases 2689.8 Gross Domestic Product 17835.4 Note: GDP= Sum of Consumption, Investment, Net exports and Government purchases

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