Refer to the following table when answering Table 2.1: U.S. 2011-2012 Expenditures ($ billions) Personal consumption expenditures Goods Services Gross private domestic investment Fixed investment Change in private inventories Net exports of goods and services Exports Imports Government expenditures Federal State and local 201110,7293,6257,1041,8551,81837−5682,0942,6623,0601,2221,838201211,1203,7837,3372,0622,00458−5602,1842,7443,0631,2141,849 -Consider Table 2.1, which tabulates GDP for 2011-2012. Total GDP in 2011 is:
A) $35,476 billion B) $15,076 billion C) $15,644 billion D) $10,092 billion E) $6,382 billion
Correct Answer:
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