QUESTION 1 Use the following information to answer 1-2 U.S. 2015 and 2018 Expenditures ($ billions) 2015 2018 Personal consumption expenditures 12,280 14,000 Motor vehicles and parts 470 520 Food and beverages 920 1,000 Housing and utilities 2,260 2,570 Health care 2,060 2,350 Gross private domestic investment 3,220 3,630 Structures 570 630 Equipment 1,120 1,220 Intellectual property products 760 930 Residential 630 790 Net exports of goods and services -520 -640 Exports 2,270 2,510 Imports 2,790 3,150 Government Purchases 3,240 3,590 National defense 730 790 Total GDP in 2015 was about ________ billion A. $32,800 B. $18,220 C. $19,620 D. $14,580 E. $18,740

QUESTION 1 Use the following information to answer 1-2 U.S. 2015 and 2018 Expenditures ($ billions) 2015 2018 Personal consumption expenditures 12,280 14,000 Motor vehicles and parts 470 520 Food and beverages 920 1,000 Housing and utilities 2,260 2,570 Health care 2,060 2,350 Gross private domestic investment 3,220 3,630 Structures 570 630 Equipment 1,120 1,220 Intellectual property products 760 930 Residential 630 790 Net exports of goods and services -520 -640 Exports 2,270 2,510 Imports 2,790 3,150 Government Purchases 3,240 3,590 National defense 730 790 Total GDP in 2015 was about ________ billion A. $32,800 B. $18,220 C. $19,620 D. $14,580 E. $18,740

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.2P

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QUESTION 1

Use the following information to answer 1-2

U.S. 2015 and 2018 Expenditures ($ billions)

	2015	2018
Personal consumption expenditures	12,280	14,000
Motor vehicles and parts	470	520
Food and beverages	920	1,000
Housing and utilities	2,260	2,570
Health care	2,060	2,350
Gross private domestic investment	3,220	3,630
Structures	570	630
Equipment	1,120	1,220
Intellectual property products	760	930
Residential	630	790
Net exports of goods and services	-520	-640
Exports	2,270	2,510
Imports	2,790	3,150
Government Purchases	3,240	3,590
National defense	730	790

Total GDP in 2015 was about ________ billion

	A.	$32,800
	B.	$18,220
	C.	$19,620
	D.	$14,580
	E.	$18,740

Definition Video Definition Overall monetary value of all the complete or final services and goods that a country can produce within its domestic boundaries in a specific period. Video

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