Question

Find the percentages for C, I, G, and Xn for the United States for 2019 (to...

Find the percentages for C, I, G, and Xn for the United States for 2019

(to calculate GDP)

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Answer #1

Total consumption is 62.53% of Total GDP i.e $13.41 trillions

Total Investment includes gross domestic private investment that was 3.75 trillions in 2019 ( 17.5% of GDP )

Total government spending was $4.87 trillion. (22.72% of GDP)

Total net exports , Exports are $ 2.5 trillions and Imports are $ 3.1 trillions

Net exports = Exports - Imports = $2.5 - $ 3.1= ($0.6 Trillions) in negative

GDP = C + I + G + Net Exports = $13.41 + $3.75 + $4.87 - $0.6 = $21.43 trillions

GDP is $21.43 trillions.

***** Answer may vary due to different sources of data *****

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