QUESTION 1 Use the following information to answer 1-2 U.S. 2015 and 2018 Expenditures ($ billions)   2015 2018 Personal consumption expenditures 12,280 14,000  Motor vehicles and parts 470  520  Food and beverages 920 1,000  Housing and utilities 2,260 2,570  Health care 2,060 2,350 Gross private domestic investment 3,220 3,630  Structures 570 630  Equipment 1,120 1,220  Intellectual property products 760 930  Residential 630 790 Net exports of goods and services -520 -640  Exports 2,270 2,510  Imports 2,790 3,150 Government Purchases 3,240 3,590  National defense 730 790 Total GDP in 2015 was about ________ billion   A. $32,800   B. $18,220   C. $19,620   D. $14,580   E. $18,740

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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QUESTION 1

  1. Use the following information to answer 1-2

    U.S. 2015 and 2018 Expenditures ($ billions)

     

    2015

    2018

    Personal consumption expenditures

    12,280

    14,000

     Motor vehicles and parts

    470

     520

     Food and beverages

    920

    1,000

     Housing and utilities

    2,260

    2,570

     Health care

    2,060

    2,350

    Gross private domestic investment

    3,220

    3,630

     Structures

    570

    630

     Equipment

    1,120

    1,220

     Intellectual property products

    760

    930

     Residential

    630

    790

    Net exports of goods and services

    -520

    -640

     Exports

    2,270

    2,510

     Imports

    2,790

    3,150

    Government Purchases

    3,240

    3,590

     National defense

    730

    790

    Total GDP in 2015 was about ________ billion

      A.

    $32,800

      B.

    $18,220

      C.

    $19,620

      D.

    $14,580

      E.

    $18,740

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