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The table below shows hypothetical values of the expenditure components for the United States in 2016. Expenditures in t
Posted: Thu May 05, 2022 6:30 am
by answerhappygod
- The Table Below Shows Hypothetical Values Of The Expenditure Components For The United States In 2016 Expenditures In T 1 (49.94 KiB) Viewed 109 times
The table below shows hypothetical values of the expenditure components for the United States in 2016. Expenditures in the United States Amount of Expenditure Expenditure Component (billions of dollars) Durable goods $1,176.0 Nondurable goods 2,449.3 Services 7,156.3 Gross investment 2,502.8 Exports 2,146.8 Imports 2,639.8 Federal government 1,178.2 State and local government 1,800.2 Using the values in the table, calculate the following aggregate expenditures and nominal GDP. Instructions: Round your answers to one decimal place. If you are entering a negative number, include a minus sign. a. Calculate consumption expenditures in 2016. $ billion b. Calculate the amount of net exports in 2016. billion