Calculate the four components of expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. GDP Data Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments Imports Beginning-of-year inventory stocks End-of-year inventory stocks Business fixed investment Government payments to retirees Household purchases of durable goods $600 $75 $200 $100 $200 $50 $100 $125 $100 $100 $150 Consumption expenditures: Investment expenditures: Government Purchases: Net Exports: GDP:
Calculate the four components of expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. GDP Data Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments Imports Beginning-of-year inventory stocks End-of-year inventory stocks Business fixed investment Government payments to retirees Household purchases of durable goods $600 $75 $200 $100 $200 $50 $100 $125 $100 $100 $150 Consumption expenditures: Investment expenditures: Government Purchases: Net Exports: GDP:
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
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Transcribed Image Text:Calculate the four components of expenditure and GDP for the following economy using data from the
table below.
Instructions: Enter your responses as whole numbers.
GDP Data
$600
Consumption expenditures
Exports
$75
$200
Government purchases of goods and services
Construction of new homes and apartments
Sales of existing homes and apartments
Imports
Beginning-of-year inventory stocks
End-of-year inventory stocks
Business fixed investment
Government payments to retirees
Household purchases of durable goods
$100
$200
$50
$100
$125
$100
$100
$150
Consumption expenditures:
Investment expenditures: $|
Government Purchases: $
Net Exports:
GDP:
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