Exhibit 11-1
GDP - Expenditure Approach
Category
Amount
(billions of current dollars)
Percent of GDP
Consumption (C)
70%
Investment (I)
20%
Government purchases (G)
15%
Net exports of goods and services (X M)
Gross domestic product
$9,000
100%
Refer to Exhibit 11-1. Government purchases (G) for the year in question is:
a.
$1,350 billion.
b.
$2,100 billion.
c.
$3,400 billion.
d.
$2,550 billion.