Solve it correctly please. I will rate accordingly. 1. Using the information in the table below, sort each value into the expenditure categories- C, I, G, NX, or N/A, and calculate GDP using the expenditures method.CategoryConsumption ExpendituresExportsGovernment Purchases (Goods and Services) $300Value Category$1000$125Construction of New Homes$125Sales of Existing HomesImportsEnd of the Year Inventory$320$90$160Business Fixed Investments$250Govermment Payments to RetireesHousehold purchases of durable goods$160$265Total GDP:

We have to derive total GDP by using given information .

1. Using the information in the table below, sort each value into the expenditure categories - C, I, G, NX, or N/A, and calculate GDP using the expenditures method. Value Category Category Consumption Expenditures $1000

1. Using the information in the table below, sort each value into the expenditure categories - C, I, G, NX, or N/A, and calculate GDP using the expenditures method. Value Category Category Consumption Expenditures $1000

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter6: Tracking The U.s. Economy

Section: Chapter Questions

Problem 1.2P

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Question

Solve it correctly please. I will rate accordingly.

1. Using the information in the table below, sort each value into the expenditure categories
- C, I, G, NX, or N/A, and calculate GDP using the expenditures method.
Category
Consumption Expenditures
Exports
Government Purchases (Goods and Services) $300
Value Category
$1000
$125
Construction of New Homes
$125
Sales of Existing Homes
Imports
End of the Year Inventory
$320
$90
$160
Business Fixed Investments
$250
Govermment Payments to Retirees
Household purchases of durable goods
$160
$265
Total GDP:

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