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MindTap - Cengage Learning X + je.com/staticb/ui/evo/index.html?deploymentld=5832641963008506694005272689&eISBN=9781337915601&id=1298436685&snapshotld=2... * # CENGAGE | MINDTAP Q Search this course Tracking the U.S. Economy X 3. Calculating GDP using

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MindTap - Cengage Learning X + je.com/staticb/ui/evo/index.html?deploymentld=5832641963008506694005272689&eISBN=9781337915601&id=1298436685&snapshotld=2... * # CENGAGE | MINDTAP Q Search this course Tracking the U.S. Economy X 3. Calculating GDP using national income account data The following table shows data on consumption, investment, exports, imports, and government expenditures for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. A-Z Fill in the missing cells in the following table to calculate GDP. Components Personal consumption expenditures (C) $9,734.2 Gross private domestic investment (I) $2,125.4 Government consumption expenditures and gross investment (G) $2,689.8 Exports (X) $1,643 Imports (M) $2,351 Net exports of goods and services (NX) S Gross domestic product (GDP) This method of calculating GDP, which involves summing the , is called the approach. V P w MindTap - Ceng.. T 2 Calendar | Micr.. Desktop Dropbox "> 750F ~ 4/ 5:54 PM 9/19/2021 Home End Insert Delete Backspace 7 O 3 Y U O P E R T M F G H J K S D N M X B PgUp Prise Ctri Alt All

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