The components of GDP in the accompanying table were produced by the Bureau of Economic Analysis. Components of GDP in 2013 (billions of dollars) Category Consumer spending Durable goods $1,263.0 Nondurable goods 2,622.9 Services 7,615.7 Private investment spending Fixed investment spending 2,564.0 Nonresidential 2,047.1 Structures 456.4 Equipment and intellectual property products 1,590.7 Residential 516.9 Change in private inventories 106.1 Net exports Exports 2,259.9 Imports 2,757.2 Government purchases of goods and services and investment spending Federal 1,245.9 National defense 770.7 Nondefense 475.1 State and local 1,879.6 a. Calculate 2013 consumer spending. b. Calculate 2013 private investment spending. c. Calculate 2013 net exports.

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