4 The components of GDP (2020) in the accompanying table were produced by the Bu Economic Analysis. (15) Category Consumer spending Durable goods Nondurable goods Services Private investment spending Fixed investment spending (billions of current dollars)_ $1,616.4 3,037.4 9,393.7 3,697.4 2,799.6 597.2 Nonresidential Structures Equipment Intellectual Property Products Residential Change in private inventories Net exports Exports Imports Government purchases of goods and services and investment spending Federal National defense Nondefense State and local a. Calculate consumer spending. 1,123.9 _1,078.5 897.8 -59.6 2,123.4 2,774.6 1,501.8 881.3 620.5 2,357.8 b. Calculate private investment spending. c. Calculate net exports. d. Calculate government purchases of goods and services and investment spending. e. Calculate gross domestic product
4 The components of GDP (2020) in the accompanying table were produced by the Bu Economic Analysis. (15) Category Consumer spending Durable goods Nondurable goods Services Private investment spending Fixed investment spending (billions of current dollars)_ $1,616.4 3,037.4 9,393.7 3,697.4 2,799.6 597.2 Nonresidential Structures Equipment Intellectual Property Products Residential Change in private inventories Net exports Exports Imports Government purchases of goods and services and investment spending Federal National defense Nondefense State and local a. Calculate consumer spending. 1,123.9 _1,078.5 897.8 -59.6 2,123.4 2,774.6 1,501.8 881.3 620.5 2,357.8 b. Calculate private investment spending. c. Calculate net exports. d. Calculate government purchases of goods and services and investment spending. e. Calculate gross domestic product
Chapter9: Aggregate Expenditures
Section: Chapter Questions
Problem 7E
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