The following table gives the values of different expenditures in the United States during 1999 Item Billions of dollars Consumption expenditures 6,258 Investment 1,623 Government purchases of goods and services 1,630 Exports of goods and services 998 Imports of goods and services 1,252 a What is t...

a Net Exports Net exports are calculated by subtracting the value of imports from the value of expor ...

The following table gives the values of different expenditures in the United States during 1999: Item Billions

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The following table gives the values of different expenditures in the United States during 1999:

Item	Billions of dollars
Consumption expenditures	6,258
Investment	1,623
Government purchases of goods and services	1,630
Exports of goods and services	998
Imports of goods and services	1,252

a. What is the value of net exports in 1999?

b. What was (nominal) GDP equal to in 1999?

c. What was the (nominal) value of total production equal to in 1999?

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Basic Econometrics

ISBN: 978-0073375779

5th edition

Authors: Damodar N. Gujrati, Dawn C. Porter

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Posted Date: Feb 17, 2024 01:18 AM

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The following table gives the values of different expenditures in the United States during 1999: Item Billions

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a Net Exports Net exports are calculated by subtracting the value of imports from the value of expor... View the full answer

Basic Econometrics

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