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Calculate gdp using the expenditure approach

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Reference no: EM131998597

The following table shows data on consumption, investments, exports, imports, and government expenditures for the United States in 2010, 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)10,215.7Investment (I)1,737.3Exports (X)1,844.4Imports (M)2,356.1Net Exports of Goods and Services

Government Purchases (G)3,057.5Gross Domestic Product (GDP)

Solve for Net Exports of Goods and Services and Gross Domestic Product.

Reference no: EM131998597

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