20152018Personal consumption expenditures12,28014,000 Motor vehicles and parts470 520 Food and beverages9201,000 Housing and utilities2,2602,570 Health care2,0602,350Gross private domestic investment3,2203,630 Structures570630 Equipment1,1201,220 Intellectual property products760930 Residential630790Net exports of goods and services-520-640 Exports2,2702,510 Imports2,7903,150Government Purchases3,2403,590 National defense730790

Consider the following table. The household’s share of total investment in 2015 was about ________ percent, and in 2018 it was ________ percent.Table: U.S. 2015 and 2018 Expenditures ($ billions) 20152018Personal consumption expenditures12,28014,000 Motor vehicles and parts470 520 Food and beverages9201,000 Housing and utilities2,2602,570 Health care2,0602,350Gross private domestic investment3,2203,630 Structures570630 Equipment1,1201,220 Intellectual property products760930 Residential630790Net exports of goods and services-520-640 Exports2,2702,510 Imports2,7903,150Government Purchases3,2403,590 National defense730790

If a government spends $30 billion on public infrastructure, $115 billion on national defence, $20 billion on unemployment benefits, and $70 billion on civil services, then its total consumption expenditure is:

mponents of SpendingValue(billions of dollars)Consumption$140Business fixed and residential investment$27Inventory stock at the end of prior year$10Inventory stock at the end of current year$5Depreciation$12Government outlays$80Government purchases$65Exports$21Imports$17Labor income$126Capital income$70Net income of foreigners$5Taxes, subsidies, and transfers$28Inventory investment = $−5Net exports = $4Gross domestic product = $241Statistical discrepancy = $12National saving =

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

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