Question

3. Calculating GDP from raw economic data The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2006, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components Personal Consumption Expenditures (C) $9,224.5 Gross Private Domestic Investment (I) $2,209.2 Exports (X) $1,467.6 Imports (M) $2,229.6 Net exports of goods and services (X – M) $ Government Consumption Expenditures and Gross Investment (G) $2,523 Gross domestic product (GDP) $ This method of calculating GDP, which involves summing the , is called the approach.

          3. Calculating GDP from raw economic data
The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government
consumption expenditures and gross investment for the United States in 2006, as published by the Bureau of Economic Analysis. All figures are in
billions of dollars.
Fill in the missing cells in the following table to calculate GDP.
Components
Personal Consumption Expenditures (C)	$9,224.5
Gross Private Domestic Investment (I)	$2,209.2
Exports (X)	$1,467.6
Imports (M)	$2,229.6
Net exports of goods and services (X – M)	$
Government Consumption Expenditures and Gross Investment (G)	$2,523
Gross domestic product (GDP)	$
This method of calculating GDP, which involves summing the	, is called the
approach.

3. Calculating GDP from raw economic data
The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government
consumption expenditures and gross investment for the United States in 2006, as published by the Bureau of Economic Analysis. All figures are in
billions of dollars.
Fill in the missing cells in the following table to calculate GDP.
Components
Personal Consumption Expenditures (C) 9,224.5
Gross Private Domestic Investment (I)2,209.2
Exports (X) 1,467.6
Imports (M)2,229.6
Net exports of goods and services (X – M) Government Consumption Expenditures and Gross Investment (G)2,523
Gross domestic product (GDP) This method of calculating GDP, which involves summing the , is called the
approach.

Added by Dustin M.

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