The largest component of GDP is abusiness investment bconsumer spending cgovernment spending d

This is a component of GDP that is determined by this entity’s spending on public works, national defense, public education and other similar expenditures.Select one:a. Investmentsb. Net Exportsc. Governmentd. Consumption

This is a component of GDP that comes from the spending of Households.Select one:a. Consumptionb. Governmentc. Net Exportsd. Investments

If GDP (measured in billions of current dollars) is $5,465, consumption is $3,657, investment is $741, and net exports are –$1,910, then government purchases are:

The table below shows the values for several different components of GDP. Category Billions of DollarsPersonal consumption expenditures $280Net foreign factor income 6Transfer payments 9Rents 16Consumption of fixed capital (depreciation) 31Statistical discrepancy 7Social Security contributions 16Interest 14Proprietor's income 31Net exports 12Dividends 10Compensation of employees 258Taxes on production and imports 16Undistributed corporate profits 19Personal taxes 24Corporate income taxes 17Corporate profits 54Government purchases 67Net private domestic investment 31Personal saving 18Imports 13 Instructions: Enter your answers as whole numbers. a. What is the value of exports? $ billion b. What is the value of national income? $ billion c. What is the GDP? $ billion d. What is the value of personal income? $ billion

This is a component of GDP that comes from the expansion of existing businesses and creation of new businesses.Select one:a. Governmentb. Net Exportsc. Consumptiond. Investments