Question: QUESTION 4 Measuring GDP: Calculate GDP from the table given below: Measuring GDP (billions of dollars) Personal consumption expenditure $400 Gross private domestic investment $200

QUESTION 4 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 O 1. $785 billion. O 2. $885 billion O 3. $995 billion O 4. $1,005billion

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