Problem
|
Item
|
Billions of dollars
|
|
Consumption expenditure
|
6258
|
|
Gross private domestic investment
|
1623
|
|
Government expenditure on goods and services
|
1630
|
|
Exports of goods and services
|
998
|
|
Imports of goods and services
|
1252
|
The table above gives the values of different expenditures in the United States during 1999. Answer the following questions about the United States.
a) What was the value of net exports of goods and services in 1999?
b) What was (nominal) GDP equal to in 1999?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.