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3 The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports 2 points Nominal GDP Exports Imports
3 The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports 2 points Nominal GDP Exports Imports (billions of (billions of (billions of Year dollars) dollars) dollars) 2015 $17, 030.1 $2, 316.3 $2, 773.6 2016 17, 652.4 2, 343.2 2, 889.9 eBook Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. References a. Calculate the value of net exports in 2015. LA billion b. Calculate the value of net exports in 2016. $ billionThe table below shows hypothetical values of the expenditure components for the United States in 2016. Expenditures in the United States 2 points LIS Expenditure (billions of Expenditure Component dollars) o eBook B references Federal government 1,250.8 State and local government 1,943.8 Using the values in the table, calculate the following aggregate expenditures and nominal GDP. Instructiens: Round your answers to one decimal place. If you are entering a negative number, include @ minus sign. a. Calculate consumption expenditures in 2016. % billion b. Calculate the amount of net exports in 2016. $ billion c. Calculate nominal GDP in 2016. $ billion
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