Question: Measuring GDP: Calculate GDP from the table given below: Measuring GDP (billions of dollars) Personal consumption expenditure $400 Gross private domestic investment $200 Net exports

Measuring GDP: Calculate GDP from the table given below: Measuring GDP

(billions of dollars) Personal consumption expenditure $400 Gross private domestic investment $200

Measuring GDP: Calculate GDP from the table given below: Measuring GDP (billions of dollars) Personal consumption expenditure $400 Gross private domestic investment $200 Net exports [X-IM] -$15 State and Local government purchases of goods and services $200 Federal government purchases of goods and services $100 Imports [IM] $15 1) $785 billion. $885 billion 3) $995 billion ( 4) $1,005billion

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