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Measuring output Amount of Expenditure (billions of Expenditure Component dollars) Durable goods $1, 249.3 Nondurable goods 2, 601.9 Services 7, 633.2 Gross investment 2 ,

Measuring output

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Amount of Expenditure (billions of Expenditure Component dollars) Durable goods $1, 249.3 Nondurable goods 2, 601.9 Services 7, 633.2 Gross investment 2 , 648. 0 Exports 2 , 262.2 Imports 2, 770.4 Federal government 1, 231.5 es State and local government 1, 912.4 Using the values in the table, calculate the following aggregate expenditures and nominal GDP. Instructions: Round your answers to one decimal place. If you are entering a negative number, include a 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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