Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 7P
Related questions
Question
![The table below shows the values for several different components of GDP.
Composition of Gross Domestic Product
Component
LA
Consumer durables
Consumer nondurables
Services
Business fixed investment
Residential fixed investment
Inventories
Exports
Imports
Government purchases
What is the value of total gross investment?
Instructions: Round your answer to 1 decimal place.
Value
(billions of
dollars)
$1,292.7
2,615.4
8,038.8
2,805.0
558.5
80.4
billion
2,320.5
2,863.1
3,093.6](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F8fd4da40-7187-46ad-a720-1a755a4a2f27%2Fe7261e8c-060d-462d-b75a-6a52dd444ce2%2F2r0kjde_processed.png&w=3840&q=75)
Transcribed Image Text:The table below shows the values for several different components of GDP.
Composition of Gross Domestic Product
Component
LA
Consumer durables
Consumer nondurables
Services
Business fixed investment
Residential fixed investment
Inventories
Exports
Imports
Government purchases
What is the value of total gross investment?
Instructions: Round your answer to 1 decimal place.
Value
(billions of
dollars)
$1,292.7
2,615.4
8,038.8
2,805.0
558.5
80.4
billion
2,320.5
2,863.1
3,093.6
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