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The table below shows hypothetical values of the expenditure components for the United States in 2015. Expenditures in the United States Amount of Expenditure (billions
The table below shows hypothetical values of the expenditure components for the United States in 2015. Expenditures in the United States Amount of Expenditure (billions of Expenditure Component dollars) Durable goods $1, 230.6 Nondurable goods 2, 621.7 Services 7, 593.0 Nonresidential fixed investment 2, 023.6 Residential fixed investment 456.6 Change in private inventories 66. 6 Exports 2, 273.9 Imports 2, 829.2 Federal government 1, 330.4 State and local government 1, 938.4 Using the values in the table, calculate the following aggregate expenditures and nominal GDP
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