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Narrbegin Exhibit 11 -As Shown in Exhibit 11

Question 88

Multiple Choice

Narrbegin Exhibit 11.1 Expenditure approach
National income account(Billions of dollars)  Personal consumption expenditures (C) $500 Net exports (XM) 50 Federal government consumption and gross investment  expenditures (G) 100 State and local government consumption and  gross investment expenditures (G) 200 Imports 15 Gross private domestic investment (I) 65\begin{array}{|l|c|}\hline \text {National income account}&\text {(Billions of dollars) }\\\hline \text { Personal consumption expenditures }(C) & \$ 500 \\\hline \text { Net exports }(X-M) & 50 \\\hline \begin{array}{l}\text { Federal government consumption and gross investment } \\\text { expenditures }(G) \end{array} & 100 \\\hline \begin{array}{l}\text { State and local government consumption and } \\\text { gross investment expenditures }(G) \end{array} & 200 \\\hline \text { Imports } & 15 \\\hline \text { Gross private domestic investment }(I) & 65\\\hline\end{array}

-As shown in Exhibit 11.1, total spending by government is:


A) $100 billion.
B) $200 billion.
C) $300 billion.
D) $600 billion.

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