Exhibit: Components of GDP for an Economy 1 Personal consumption expenditures Gross private domestic investment Net exports Imports Government purchases of goods and services Transfer Payments $480 billion. -$480 billion $120 billion Value (in billions) (S) -$120 billion 1,000 500 300 180 (Exhibit: Components of GDP for an Economy 1) What is the value of exports? 280 90

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Exhibit: Components of GDP for an Economy 1
Personal consumption expenditures
Gross private domestic investment
Net exports
Imports
Government purchases of goods and services
Transfer Payments
Value (in billions) (S)
$480 billion
O-$480 billion
$120 billion
-$120 billion
1,000
500
300
180
280
90
(Exhibit: Components of GDP for an Economy 1) What is the value of exports?
Transcribed Image Text:Exhibit: Components of GDP for an Economy 1 Personal consumption expenditures Gross private domestic investment Net exports Imports Government purchases of goods and services Transfer Payments Value (in billions) (S) $480 billion O-$480 billion $120 billion -$120 billion 1,000 500 300 180 280 90 (Exhibit: Components of GDP for an Economy 1) What is the value of exports?
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