Answered step by step
Verified Expert Solution
Question
1 Approved Answer
2015 2018 Personal consumption expenditures 12,280 14,000 Motor vehicles and parts 470 520 Food and beverages 920 1,000 Housing and utilities 2,260 2,570 Health care
2015 2018 Personal consumption expenditures 12,280 14,000 Motor vehicles and parts 470 520 Food and beverages 920 1,000 Housing and utilities 2,260 2,570 Health care 2,060 2,350 Gross private domestic investment 3,220 3,630 Structures 570 630 Equipment 1,120 1,220 Intellectual property products 760 930 Residential 630 790 Net exports of goods and services -520 -640 Exports 2,270 2,510 Imports 2,790 3,150 Government Purchases 3,240 3,590 National defense 730 790 Table 1: U.S. 2015 and 2018 Expenditures ($ billions) Total GDP in 2015 was about billion. (a) $32,800 (b) $18,220 (c) $19,620 (d) $14,580 (e) $18,740 2. Consider Table 1. Total GDP in 2018 was about billion. (a) $37,040 (b) $20,580 (c) $21,860 (d) $16,460 (e) $21,220 3. Consider Table 1. The federal government's share of total GDP in 2015 was about percent, and in 2018 it was about percent. (a) 444; 454 (b) 23; 22 (c) 26; 26 (d) 18, 17 (e) 4, 45. Household consumption as a share of GDP and investment as a share of GDP between 2015 and 2018. (a) decreased; increased (b) stayed the same; increased (0) increased; stayed the same ((1) increased; decreased (6) stayed the same; stayed the same 6. In 2018, net exports accounted for about percent of total GDP. (80 -3 (b) 28 (c) 12 (d) 3 (e) 15
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started