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The Components of GDPConsumption expenditures$750Gross private domestic investment450Government ...

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The Components of GDPConsumption expenditures$750Gross private domestic investment450Government ...

The Components of GDP

Consumption expenditures	$750
Gross private domestic investment	450
Government purchases	350
Government transfer payments	35
Exports	50
Imports	55

Refer to the table. Consider the data in the table (in billions of dollars) for an economy. Gross domestic product (in billions of dollars) for this economy equals ________.

▸ $1605 billion

▸ $1445 billion

▸ $1690 billion

▸ $1545 billion

Textbook

Macroeconomics

Edition: 3^rd

Authors: Acemoglu, Laibson, List

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