item billions of dollar consumption ependiture 6258 investment 1623 government expenditure on goods and services 1630 exports of goods and services 998 imports of goods and services 1252 The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States. What was the value of net exports of goods and services in 1999? What was GDP equal to in 1999?
item billions of dollar consumption ependiture 6258 investment 1623 government expenditure on goods and services 1630 exports of goods and services 998 imports of goods and services 1252 The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States. What was the value of net exports of goods and services in 1999? What was GDP equal to in 1999?
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
Related questions
Question
Analyzing a Table:
Analyzing a Table:
item | billions of dollar |
consumption ependiture | 6258 |
investment | 1623 |
government expenditure on goods and services | 1630 |
exports of goods and services | 998 |
imports of goods and services | 1252 |
The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States.
- What was the value of net exports of goods and services in 1999?
- What was GDP equal to in 1999?
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Economics (MindTap Course List)
Economics
ISBN:
9781337617383
Author:
Roger A. Arnold
Publisher:
Cengage Learning