Question

Use Table 1 for net earnings (NE) information and Table 3 for net exports (X). How much was the total domestic saving in the United States?

Your answer: _______________ ($ billion) (Please round your answer to one decimal place.)

Table 3: U.S. GDP 2018 (billions of U.S. dollars) Line 3 4 6 10 11 13 Gross domestic product Personal consumption expenditureTable 1: U.S. Balance of Payments 2018 (millions of U.S. dollars) Current account (excludes reserves and related items) Goods

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Answer #1

Total domestic savings (2010 year) = GDP (Gross domestic product) - private consumption expenditure

= 15600.8 - 10643.0 = 4957.8

Total domestic savings (2018year)= GDP - private consumption expenditure

= 18609 - 12944.6 = 5664.4

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