Please provide steps by step answer with proper explanation with final answer..... 3. Measuring GDPThe following table shows data on consumption, investment, exports, imports, and government expenditures for a hypothetical country in 2018, aspublished by its government agency. All figures are in billions of dollars.Fill in the missing cells in the table to calculate GDP using the expenditure approach.DataPersonal Consumption Expenditures (C)Gross Private Domestic Investment (I)Exports (X)Imports (M)Net Exports of Goods and Services(Billions of dollars)9,734.22,125.41,643.02,351.0Government Consumption Expenditures and Gross Investment (G)Gross Domestic Product (Y)2,689.8Grade It NowSave & Continue

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Answered: 3. Measuring GDP The following table…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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