Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Refer to the following table when answering the following questions. Table 2 . 1 : U . S . 2 0 1 5 and 2

Refer to the following table when answering the following questions.
Table 2.1: U.S.2015 and 2018 Expenditures ($ billions)
20152018
Personal consumption expenditures 12,28014,000
Motor vehicles and parts 470520
Food and beverages 9201,000
Housing and utilities 2,2602,570
Health care 2,0602,350
Gross private domestic investment 3,2203,630
Structures 570630
Equipment 1,1201,220
Intellectual property products 760930
Residential 630790
Net exports of goods and services -520-640
Exports 2,2702,510
Imports 2,7903,150
Government Purchases 3,2403,590
National defense 730790
Consider Table 2.1. Total GDP in 2015 was about ________ billion.
Group of answer choices
$32,800
$18,220
$19,620
$14,580
$18,740

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Economics questions