Question: [11 points in total] Complete the following table. The data are in millions of dollars. (3 points) Year 1 Year 2 Year 3 Gross domestic

  1. [11 points in total] Complete the following table. The data are in millions of dollars.

(3 points)

Year 1

Year 2

Year 3

Gross domestic product

4532

4804

Consumption

3320

3544

Investment

589

629

673

Government purchases

861

977

Net exports

-45

-58

-54

  1. Does investment include the purchase of stocks and bonds? Why or why not? (3 points)

  1. Does the "government purchases" component include government spending on Employment Insurance benefits"? Why or why not? (3 points)

  1. What does it mean when it is said that net exports are negative? (2 points)

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