The components of GDP in the attached table were prepared by the Bureau of Economic Analysis.Calculate each
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Question:
The components of GDP in the attached table were prepared by the Bureau of Economic Analysis. Calculate each of the following using the data in the table.
Round your answers to one place after the decimal.
Category | Components of GDP in 2018 (trillions of dollars) |
---|---|
consumer spending | |
Durable products | $1,475.1 |
Non-durable goods | 2,889.2 |
Services | 9.633,9 |
Private investment spending | |
Fixed investment expense | 3.573,6 |
non-residential | 2.786,9 |
Structures | 633.2 |
Equipment and intellectual property products | 931.1 |
Residential | 786.7 |
Change in private inventories | 54.7 |
net exports | |
Exports | 2,510.3 |
Imports | 3.148,5 |
government purchases of goods and services and investment expenditures | |
Federal | 1.347,3 |
National defense | 793.6 |
no defense | 553.7 |
state and local | 2,244.2 |
a. consumer spending ps billion
b. Private investment spending ps billion
C. Net exports ps billion
d. Government purchases of goods and services and investment expenditures ps billion my. Gross domestic product ps billion
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