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please answer Part 1 (5 points) See Hint The table below details the composition of an economy's GDP by spending category. Category Expenditures (billions of

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Part 1 (5 points) See Hint The table below details the composition of an economy's GDP by spending category. Category Expenditures (billions of dollars) Fixed business investment $3,700.00 Durable goods $2,450.00 Exports $750.00 Federal government purchases $1,450.00 New home construction $1,050.00 Imports $900.00 Change in inventories $-300.00 Nondurable goods $4,300.00 Services $9,550.00 State and local government purchases $2,550.00 Use the information in the table to calculate the following: a) Consumption: $ billion Use the information in the table to calculate the following: a) Consumption: $ billion b) Investment: $ billion c) Government: $ billion d) Net exports: $ billion e) GDP: $ billion Part 2 (1 point) See Hint Think about the different components of GDP and how they change with the business cycle. Which component of consumption fluctuates the most? Choose one: O A. services O B. nondurable goods O C. new home construction O D. durable goods Part 3 (1 point) See Hint Consider the net exports component of GDP. Suppose exports increase by $100 billion and imports decrease by $100 billion. Net exports will

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