3 Calculating GDP using national income account data The following table shows data on consumption...
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3 Calculating GDP using national income account data The following table shows data on consumption investment exports imports and government expenditures for the United States in 2007 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 Gross private domestic investment 1 Government consumption expenditures and gross investment G Exports X Imports M Net exports of goods and services NX Gross domestic product GDP This method of calculating GDP which involves summing the approach 9 734 2 2 125 4 2 689 8 1 643 2 351 is called the
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