GDP: Expenditure Approach ($ billion):

Personal Consumption Expenditure (C)         11.0

Business Investment (Ig)                                2.0

Government Purchases (G)                             3.0

Export                                                             0.5

Import                                                             1.0

2. The value of GDP (table above, expenditure approach, $ billion) is:

A) 17.5; 

B)16.5; 

C) 15.5; 

D) 14.5