Calculate the four components of aggregate expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to include a negative (-) sign in front of those numbers. GDP Consumption expenditures $550 Exports $100 Government purchases of goods and services $200 Construction of new homes and apartments $200 Sales of existing homes and apartments
Calculate the four components of aggregate expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to include a negative (-) sign in front of those numbers. GDP Consumption expenditures $550 Exports $100 Government purchases of goods and services $200 Construction of new homes and apartments $200 Sales of existing homes and apartments
Chapter19: Measuring Economic Performance
Section: Chapter Questions
Problem 6P
Related questions
Question
Calculate the four components of aggregate expenditure and
Instructions: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to include a negative (-) sign in front of those numbers.
GDP | |
Consumption expenditures | $550 |
---|---|
Exports | $100 |
Government purchases of goods and services | $200 |
Construction of new homes and apartments | $200 |
Sales of existing homes and apartments | $200 |
Imports | $50 |
Beginning-of-year inventory stocks | $100 |
End-of-year inventory stocks | $50 |
Business fixed investment | $100 |
Government payments to retirees | $100 |
Household purchases of durable goods | $150 |
Consumption expenditures: $
Investment expenditures: $
Government Purchases: $
Net Exports: $
GDP: $
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