Home X LTI Launch X M Question 3 - Wk 1 - Apply: Mea X G the overall level of well being is x Course Hero | Own the study h X + X -) C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect. Maps Phoenix Other bookmarks Suppose that real GDP per capita in the United States is $49,000. If the long-term growth rate of real GDP per capita is 1.6% per year, how many years will it take for real GDP per capita to reach $98,000? Instructions: Enter your answer as a whole number. years $ 0 9:27Home X Gradebook / ECO/372T: Princi x M Question 5 - Wk 1 - Apply: Mea X G the us produces and sells milli x Screenshot 2024-03-10 9.27.4 x + X -) C A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252Fconnect.mheducation.com%252Fconnect. Maps Phoenix Other bookmarks The table below shows hypothetical values of the expenditure components for the United States in 2016. Expenditures in the United States Amount of Expenditure (billions of Expenditure Component dollars) Durable goods $1, 289.6 Nondurable goods 2, 675.3 Services , 894.9 Gross investment 2, 717.3 Exports 2, 344.4 Imports 2, 837.3 Federal government 1, 268.7 State and local government 1, 974.1 Using the values in the table, calculate the following aggregate expenditures and nominal GDP. Instructions: Round your answers to one decimal place. If you are entering a negative number, include a minus sign. a. Calculate consumption expenditures in 2016. $ billion b. Calculate the amount of net exports in 2016. billion c. Calculate nominal GDP in 2016. billion $ 1 9 0 9:31