5.06% 4.36% 10 2 37 0 / 2.5 9) 7.62% GDP equals $8 trillion. If consumption equals $5.5 trillion, investment equals $500 billion, and 6.75% government spending equals $2.5 trillion, then: 18.14% exports exceed imports by $500 billion. imports exceed exports by $500 billion. 0 2 36 0 / 2.5 9) net exports equal zero. exports exceed imports by $1 trillion. Exhibit 11-1 GDP - Expenditure Approach 10 7 38 0 / 2.5 5) Category Amount Percent of GDP Suppose the total market value of all final goods and services produced in economy X this year is (billions of current dollars) $3 million. Of the $3 million worth of goods and services, $2 million is sold and $1 million is held in inventory. For this year, the GDP for economy X is Consumption (C) 70% Investment (1) 10% $4 million. Government purchases (G) 15% $3 million. Net exports of goods and services (NX) O $2 million. Gross domestic product $9,000 100% $5 million. Refer to Exhibit 11-1. What conclusion regarding exports and imports can be arrived at looking at none of the above the data provided? Exports exceeded imports. O Imports exceeded exports. ja RM 39 0 / 2.5 9) Exports equaled imports. Nominal GDP is $10,000 billion in 2011, but real GDP is only $11,111. It follows that: Data insufficient to arrive at any conclusion. the GDP deflator is equal to 111