4. Measuring GDPThe following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, aspublished by the Bureau of Economic Analysis. All figures are in billions of dollars.Fill in the missing cells in the table to calculate GDP using the expenditure approach.Data(Billions of dollars)Consumption (C)13,948.5Investment (I)3,650.1Exports (X)2,531.3Imports (M)3,156.7Net Exports of Goods and ServicesGovernment Purchases (G)3,520.8Gross Domestic Product (GDP)

GDP measures the market value of goods and services produced in an economy within a given period of…

following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as lished by the Bureau of Economic Analysis. All figures are in billions of dollars. in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) onsumption (C) 13,948.5 vestment (I) 3,650.1 ports (X) 2,531.3 nports (M) 3,156.7 et Exports of Goods and Services overnment Purchases (G) 3,520.8 ross Domestic Product (GDP)

following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2018, as lished by the Bureau of Economic Analysis. All figures are in billions of dollars. in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) onsumption (C) 13,948.5 vestment (I) 3,650.1 ports (X) 2,531.3 nports (M) 3,156.7 et Exports of Goods and Services overnment Purchases (G) 3,520.8 ross Domestic Product (GDP)

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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