Question Completion Status: Expenditures for consumer goods and services$4.565 E

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Question Completion Status: Expenditures for consumer goods and services$4.565 Exports Government purchases of goods and services Social Security taxes Net investment Indirect business taxes Imports $740 $1.465 $510 225 $520 $825 $865 S185 Gross investment Corporate income taxes Personal income taxes Corporate retained earnings Net foreign factor income Government transfer pavments to households Net interest payments to households $750 $45 $20 $690 So Click Save and Submit to save and submit. Click Save All Ansvers to save all Save All Answers 0?? Search the web and Windows

Explanation / Answer

The correct choice is $ 6,810 billion

According to expenditure approach of calculating GDP

GDP = C + I + G + NX

GDP = $ 4565 + $ 865 + $ 1465 + ( $ 740 - $ 825)

GDP = $ 6,810 billion

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