Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Bureau of Economic Analysis produced the 2015 components of U.S. GDP: Consumption spending(C) $12,328 billions, investment spending (I) $8,312.3 billions, government spending (G) $4,408.6

The Bureau of Economic Analysis produced the 2015 components of U.S. GDP: Consumption spending(C) $12,328 billions, investment spending (I) $8,312.3 billions, government spending (G) $4,408.6 billions, and exports $$2,253.4 billions, imports $2,782.3. Calculate 2015 consumer spending as a percentage of 2015 gross domestic product (GDP). Round your answers to the nearest whole number

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Recommended Textbook for

Microeconomics

Authors: Austan Goolsbee, Steven Levitt, Chad Syverson

2nd edition

1464187029, 978-1464189104, 1464189102, 978-0716759751, 716759756, 978-1464187025

More Books

Students also viewed these Economics questions

Question

Should a conventional application catch Error objects? Explain.

Answered: 1 week ago