The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. a.

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The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. 

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a. Calculate 2018 consumer spending.

b. Calculate 2018 private investment spending.

c. Calculate 2018 net exports.

d. Calculate 2018 government purchases of goods and services and government investment spending.

e. Calculate 2018 gross domestic product.

f. Calculate 2018 consumer spending on services as a percentage of total consumer spending.

g. Calculate 2018 exports as a percentage of imports.

h. Calculate 2018 government purchases on national defense as a percentage of federal government purchases of goods and services.

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Macroeconomics

ISBN: 9781319245269

6th Edition

Authors: Paul Krugman, Robin Wells

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