4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2017, as published 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) 13,321.4 Investment (I) 3,368.0 Exports (X) 2,350.2 Imports (M) 2,928.6 Net Exports of Goods and Services Government Purchases (G) 3,374.4 Gross Domestic Product (GDP)

Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…

A: Answer: Net export: net export refers to the difference between exports and imports. Net…

Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…

A: The net export of Goods and Services means the country's total export minus total import. That is,…

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Q: Question 1 The formula for calculating GDP using the expenditures method is GDP = C+I+G+(X-I)

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Q: 4. Measuring GDP The following table shows data on consumption, investments, exports, imports, and…

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