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

a. Calculate 2013 consumer spending.

b. Calculate 2013 private investment spending.

c. Calculate 2013 net exports.

d. Calculate 2013 government purchases of goods and services and government investment spending.

e. Calculate 2013 gross domestic product.

f. Calculate 2013 consumer spending on services as a percentage of total consumer spending.
g. Calculate 2013 exports as a percentage of imports.
h. Calculate 2013 government purchases on national defense as a percentage of federal government purchases of goods and services.

Transcribed Image Text:

Category Consumer spending Durable goods Nondurable goods Services Private investment spending Fixed investment spending Nonresidential Structures Equipment and intellectual property products Residential Change in private inventories Net exports Exports Imports Components of GDP in 2013 (billions of dollars) $1,263.0 2,622.9 7,615.7 2,564.0 2,047.1 456.4 1,590.7 516.9 106.1 2,259.9 2,757.2