Below is the 2016 GDP by category in trillions of dollars Ca

Below is the 2016 GDP by category (in trillions of dollars) Calculate net exports. Instructions: Enter your response rounded to one decimal place. Consumption Total Investment Government Spending Net Exports Gross Domestic Product $11.4 $2.2 $3.0 $17.1

Solution

GDP = Consumption + Total investment + Government spending + Net exports

Net exports = GDP -(Consumption + Total investment + Government spending)

= 17.1-(11.4+2.2+3) = 17.1-16.6

Net exports = $0.5 trillions of dollars