(Table: Measuring GDP II). Use Table: Measuring GDP. Government purchases of goods and services are: Measuring GDP (billions of dollars) Personal consumption expenditures Gross private domestic investment Net exports $600 200 -5 State and local government purchases of goods and services 300 Federal government purchases of goods and services Imports 100 15 $50 billion. $1,085 billion. $300 billion. $400 billion.
(Table: Measuring GDP II). Use Table: Measuring GDP. Government purchases of goods and services are: Measuring GDP (billions of dollars) Personal consumption expenditures Gross private domestic investment Net exports $600 200 -5 State and local government purchases of goods and services 300 Federal government purchases of goods and services Imports 100 15 $50 billion. $1,085 billion. $300 billion. $400 billion.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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