Attached is a table, please use it to answer: 2018 Exports Answer (Remember to show work): ### US Economic Data OverviewThe table presents economic data from the United States, showcasing the values in billions of current dollars across four key years: 1998, 2008, 2018, and projected for 2028. #### Categories1. **Gross Domestic Product (GDP)**: - 1998: Data not provided - 2008: $14,712.8 billion - 2018: $20,494.1 billion - 2028 (projected): $30,493.1 billion2. **Personal Consumption Expenditures**: - 1998: $5,877.2 billion - 2008: $9,976.3 billion - 2018: $13,948.5 billion - 2028 (projected): Data not provided3. **Gross Private Domestic Investment**: - 1998: $1,736.7 billion - 2008: Data not provided - 2018: $3,650.1 billion - 2028 (projected): $5,822.0 billion4. **Government Expenditures**: - 1998: $1,611.6 billion - 2008: $2,982.0 billion - 2018: $3,520.8 billion - 2028 (projected): $4,741.3 billion5. **Exports**: - 1998: $953.0 billion - 2008: $1,837.1 billion - 2018: Data not provided - 2028 (projected): $3,891.0 billion6. **Imports**: - 1998: $1,115.7 billion - 2008: $2,560.1 billion - 2018: $3,156.7 billion - 2028 (projected): $4,711.5 billionThis table provides a detailed quantitative view of the economic growth and forecasts in various sectors over a 30-year span, highlighting trends in national consumption, investment, government spending, and trade.

Answer: Given values (2018): Gross Domestic Product=$20,494.1Personal Consumption…

Answered: Attached is a table, please use it to…

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Attached is a table, please use it to answer: 2018 Exports Answer (Remember to show work):

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Attached is a table, please use it to answer:

2018 Exports Answer (Remember to show work):

### US Economic Data Overview

The table presents economic data from the United States, showcasing the values in billions of current dollars across four key years: 1998, 2008, 2018, and projected for 2028.

#### Categories

1. **Gross Domestic Product (GDP)**:
- 1998: Data not provided
- 2008: $14,712.8 billion
- 2018: $20,494.1 billion
- 2028 (projected): $30,493.1 billion

2. **Personal Consumption Expenditures**:
- 1998: $5,877.2 billion
- 2008: $9,976.3 billion
- 2018: $13,948.5 billion
- 2028 (projected): Data not provided

3. **Gross Private Domestic Investment**:
- 1998: $1,736.7 billion
- 2008: Data not provided
- 2018: $3,650.1 billion
- 2028 (projected): $5,822.0 billion

4. **Government Expenditures**:
- 1998: $1,611.6 billion
- 2008: $2,982.0 billion
- 2018: $3,520.8 billion
- 2028 (projected): $4,741.3 billion

5. **Exports**:
- 1998: $953.0 billion
- 2008: $1,837.1 billion
- 2018: Data not provided
- 2028 (projected): $3,891.0 billion

6. **Imports**:
- 1998: $1,115.7 billion
- 2008: $2,560.1 billion
- 2018: $3,156.7 billion
- 2028 (projected): $4,711.5 billion

This table provides a detailed quantitative view of the economic growth and forecasts in various sectors over a 30-year span, highlighting trends in national consumption, investment, government spending, and trade.

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