Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Attached is a table, please use it to answer:
- 2018 Exports Answer (Remember to show work):

Transcribed Image Text:### US Economic Data Overview
The table presents economic data from the United States, showcasing the values in billions of current dollars across four key years: 1998, 2008, 2018, and projected for 2028.
#### Categories
1. **Gross Domestic Product (GDP)**:
- 1998: Data not provided
- 2008: $14,712.8 billion
- 2018: $20,494.1 billion
- 2028 (projected): $30,493.1 billion
2. **Personal Consumption Expenditures**:
- 1998: $5,877.2 billion
- 2008: $9,976.3 billion
- 2018: $13,948.5 billion
- 2028 (projected): Data not provided
3. **Gross Private Domestic Investment**:
- 1998: $1,736.7 billion
- 2008: Data not provided
- 2018: $3,650.1 billion
- 2028 (projected): $5,822.0 billion
4. **Government Expenditures**:
- 1998: $1,611.6 billion
- 2008: $2,982.0 billion
- 2018: $3,520.8 billion
- 2028 (projected): $4,741.3 billion
5. **Exports**:
- 1998: $953.0 billion
- 2008: $1,837.1 billion
- 2018: Data not provided
- 2028 (projected): $3,891.0 billion
6. **Imports**:
- 1998: $1,115.7 billion
- 2008: $2,560.1 billion
- 2018: $3,156.7 billion
- 2028 (projected): $4,711.5 billion
This table provides a detailed quantitative view of the economic growth and forecasts in various sectors over a 30-year span, highlighting trends in national consumption, investment, government spending, and trade.
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