Component $ Consumer durables Consumer nondurables Services Business fixed investment Residential fixed investment Inventories Value (billions of dollars) $1,341.1 Exports Imports Government purchases What is the value of total gross investment? Instructions: Round your answer to 1 decimal place. billion 2,660.2 8,136.8 2,865.0 584.5 97.6 2,362.9 2,914.3 3,221.2
Component $ Consumer durables Consumer nondurables Services Business fixed investment Residential fixed investment Inventories Value (billions of dollars) $1,341.1 Exports Imports Government purchases What is the value of total gross investment? Instructions: Round your answer to 1 decimal place. billion 2,660.2 8,136.8 2,865.0 584.5 97.6 2,362.9 2,914.3 3,221.2
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Answer it correctly please. I ll rate accordingly with multiple votes. Typed answer and give explanation. My last attempt. Do it correctly.

Transcribed Image Text:The table below shows the values for several different components of GDP.
**Composition of Gross Domestic Product**
| **Component** | **Value (billions of dollars)** |
|---------------------------------|---------------------------------|
| Consumer durables | $1,341.1 |
| Consumer nondurables | 2,660.2 |
| Services | 8,136.8 |
| Business fixed investment | 2,865.0 |
| Residential fixed investment | 584.5 |
| Inventories | 97.6 |
| Exports | 2,362.9 |
| Imports | 2,914.3 |
| Government purchases | 3,221.2 |
**Question:**
What is the value of total gross investment?
**Instructions:**
Round your answer to 1 decimal place.
$ ________ billion
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