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The table belowr shows hypothetical values oftl'Ie expenditure components for the United States in 2015. Expenditures in the United States Amount of Expenditure {billions of
The table belowr shows hypothetical values oftl'Ie expenditure components for the United States in 2015. Expenditures in the United States Amount of Expenditure {billions of Expenditure Component dollars) Durable goods $1,235.E Honourable goods Services Gross investment Exports Imports Federal govern-ent State and local government 2,511.1 2,515.9 2,232.3 2,232.2 1,212.9 1,333.? 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. $ |:| billion c. Calculate nominal GDP in 2015. $|:|billion
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