y: Measuring Output and Income Quiz [due Day 7] i) Sav The table below shows hypothetical values of the expenditure components for the Ur Expenditures in the United States Amount of Expenditure (billions of Expenditure Component dollars) Durable goods $1, 249 . 3 Nondurable goods 2, 601.9 Services 7, 633 - 2 Gross investment 2, 648.0 Exports 2, 262 . 2 Imports 2, 770.4 Federal government 1, 231. 5 ences State and local government 1, 912 .4 Using the values in the table, calculate the following aggregate expenditures and nomin Instructions: Round your answers to one decimal place. If you are entering a negative nu Calculate consumption expenditures in 2016. billion b. Calculate the amount of net exports in 2016. billion c. Calculate nominal GDP in 2016. billion Mc Graw