The table below shows hypothetical values of the expenditure components for the United States in 2016. Expenditures in the United States Durable goods Nondurable goods Services Gross investment Exports Imports Federal government State and local government $ Expenditure Component Using the values in the table, calculate the following aggregate expenditures and nominal GDP. Instructions: Round your answers to one decimal place. If you are entering a negative number, include a minus sign. a. Calculate consumption expenditures in 2016. billion $ b. Calculate the amount of net exports in 2016. $ c. Calculate nominal GDP in 2016. LA billion Amount of Expenditure (billions of billion dollars) $1,374.1 2,828.3 8,445.6 2,861.4 2,517.8 2,975.9 1,346.6 2,103.5