The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, 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)11,930.3Investment (I)2,851.6Exports (X)2,337.0Imports (M)2,875.2Net Exports of Goods and Services Government Purchases (G)3,175.2Gross Domestic Product (GDP) The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, aspublished 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)Investment (I)Exports (X)Imports (M)Net Exports of Goods and ServicesGovernment Purchases (G)Gross Domestic Product (GDP)11,930.32,851.62,337.02,875.23,175.2

The whole trade of a country is gauged by its net exports. The calculation of net exports is as easy…

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Macroeconomics: Private and Public Choice (MindTap Course List)

16th Edition

ISBN:9781305506756

Author:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Publisher:James D. Gwartney, Richard L. Stroup, Russell S. Sobel, David A. Macpherson

Chapter7: Taking The Nation's Economic Pulse

Section: Chapter Questions

Problem 15CQ

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The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, 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)	11,930.3
Investment (I)	2,851.6
Exports (X)	2,337.0
Imports (M)	2,875.2
Net Exports of Goods and Services
Government Purchases (G)	3,175.2
Gross Domestic Product (GDP)

The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2014, 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)
Investment (I)
Exports (X)
Imports (M)
Net Exports of Goods and Services
Government Purchases (G)
Gross Domestic Product (GDP)
11,930.3
2,851.6
2,337.0
2,875.2
3,175.2

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