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[11 points in total] Complete the following table. The data are in millions of dollars. (3 points) Year 1 Year 2 Year 3 Gross domestic
- [11 points in total] Complete the following table. The data are in millions of dollars.
(3 points)
Year 1 | Year 2 | Year 3 | |
Gross domestic product | 4532 | 4804 | |
Consumption | 3320 | 3544 | |
Investment | 589 | 629 | 673 |
Government purchases | 861 | 977 | |
Net exports | -45 | -58 | -54 |
- Does investment include the purchase of stocks and bonds? Why or why not? (3 points)
- Does the "government purchases" component include government spending on Employment Insurance benefits"? Why or why not? (3 points)
- What does it mean when it is said that net exports are negative? (2 points)
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