Item Billions of dollar Consumption expenditure 6258 Investment 1.623 Government expenditures on goods and services...
90.2K
Verified Solution
Link Copied!
Question
Accounting
Item Billions of dollar Consumption expenditure 6258 Investment 1.623 Government expenditures on goods and services 1,630 Exports of goods and services 998 Imports of goods and services 1,252 3. The table above gives the values of different expenditures in the United States. Answer the following questions about the United States. a. What is the value of net exports of goods and services? In addition, why can this trade deficit raise the issues for the US economy? 998 billion-1252 billion=-254 billion b. What is the amount of GDP from the table? 6258+1623+1630+(-254)= $9257 billion
Answer & Explanation
Solved by verified expert
Get Answers to Unlimited Questions
Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!
Membership Benefits:
Unlimited Question Access with detailed Answers
Zin AI - 3 Million Words
10 Dall-E 3 Images
20 Plot Generations
Conversation with Dialogue Memory
No Ads, Ever!
Access to Our Best AI Platform: Zin AI - Your personal assistant for all your inquiries!
