3. Below are some data on GDP Year 1 Year 2 Year 3 Gross Domestic Product 4,532 4,804 Consumption 3,320 3,544 Investment 589 629 673 Government Spending 861 977 Net Exports -45 -58 -54 a. Fill in the missing areas on the table (hint: simple algebra here....ex: solve for X) b. What is the largest expenditure component of GDP? c. Do government purchases include government spending on unemployment checks? Why? 4. Below are some data about the land of milk and honey!!! Year Price of Quantity of Price of Quantity of Milk Milk Honey Honey 2010 $1 100 $2 50 2011 $1 200 $2 100 a. Compute GDP for 2010 and 2011 b. Compute the percentage change in GDP from 2010 to 2011. c. Did economic well-being rise or decrease from 2010 to 2011? Explain. 5. Go to quizlet.com/5574268/ch-13-measuring-the-economys- performance-flash-cards/ and learn the vocab words, play the two games, and take the test. a. How was your performance? b. What did you understandot understand