All values below are in trillions of dollars Household Consumption $11.9 State & Local Government Expenditures $1.46 Imports $2.04 Gross Private Investment $4.08 Federal Government Expenditures $2.80 Payments of Factor Income to Other Countries $3.21 Depreciation $0.99 Exports $1.57 Receipts of Factor Income from Other Countries $3.79 Using the expenditure approach, Gross Domestic Product (in billions of dollars) is $________ trillion.
All values below are in trillions of dollars Household Consumption $11.9 State & Local Government Expenditures $1.46 Imports $2.04 Gross Private Investment $4.08 Federal Government Expenditures $2.80 Payments of Factor Income to Other Countries $3.21 Depreciation $0.99 Exports $1.57 Receipts of Factor Income from Other Countries $3.79 Using the expenditure approach, Gross Domestic Product (in billions of dollars) is $________ trillion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
All values below are in trillions of dollars
Household Consumption |
$11.9 |
State & Local Government Expenditures |
$1.46 |
Imports |
$2.04 |
Gross Private Investment |
$4.08 |
Federal Government Expenditures |
$2.80 |
Payments of Factor Income to Other Countries |
$3.21 |
|
$0.99 |
Exports |
$1.57 |
|
|
Receipts of Factor Income from Other Countries |
$3.79 |
Using the expenditure approach, Gross Domestic Product (in billions of dollars) is $________ trillion.
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