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Unformatted text preview: houses. Components of GDP
3) Government Consumption and Gross Investment, or
Spending by federal, state,
and local governments on
goods and services.
4) Net Exports of Goods and Services, or “Net Exports”
Net exports: EX- IM Some Actual Values FIGURE 7-2
Components of GDP in 2008
Consumption accounts for 70 percent of GDP, far more than any of the other components. In recent
years, net exports typically have been negative, which reduces GDP....
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This document was uploaded on 03/29/2014.
- Spring '14