Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022.d. What were Saudi Arabia’s exports and imports in 2022? ItemsHousehold purchases of durable goodsHousehold purchases of nondurable goodsHousehold purchases of servicesFirm purchases of capital equipmentFirm purchases of new structuresSalaries of government employeesGovernment expenditures on public worksTransfer paymentsForeign purchases of domestically produced goods and servicesDomestic purchases of foreign-produced goods and servicesPrices (in million)SR 2002SR 2555SR 555SR 666SR 1280SR 2000SR 1099SR 2550SR 190SR 320

Under the expenditure approach, the sum of amount spent by the household sector, business sector,…

Answered: Answer the following questions from the…

Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022. d. What were Saudi Arabia’s exports and imports in 2022?

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

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Chapter1: Making Economics Decisions

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Question

Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022.

d. What were Saudi Arabia’s exports and imports in 2022?

Items
Household purchases of durable goods
Household purchases of nondurable goods
Household purchases of services
Firm purchases of capital equipment
Firm purchases of new structures
Salaries of government employees
Government expenditures on public works
Transfer payments
Foreign purchases of domestically produced goods and services
Domestic purchases of foreign-produced goods and services
Prices (in million)
SR 2002
SR 2555
SR 555
SR 666
SR 1280
SR 2000
SR 1099
SR 2550
SR 190
SR 320

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