3. Table: Hypothetical U.S. National Income and Product Accounts Data Category Consumption (personal consumption expenditures) Investment (gross private domestic investment) Government consumption (government expenditures) Exports Imports Net Factor Income from Abroad Net unilateral transfers The GDP for the economy is: a. $11,400 billion. b. $10,575 billion. c. $10,550 billion. d. $10,595 billion. Billions of Dollars 8,000 1,300 2,100 900 1,750 +45 -20

3. Table: Hypothetical U.S. National Income and Product Accounts Data Category Consumption (personal consumption expenditures) Investment (gross private domestic investment) Government consumption (government expenditures) Exports Imports Net Factor Income from Abroad Net unilateral transfers The GDP for the economy is: a. $11,400 billion. b. $10,575 billion. c. $10,550 billion. d. $10,595 billion. Billions of Dollars 8,000 1,300 2,100 900 1,750 +45 -20

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.2P

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