Durable goods 400 Nonresidential investment Federal purchases of goods Exports 300 250 550 State and local purchases of goods 250 Residential investment 50 Services 650 Imports 150 Change in business inventories Nondurable goods -15 500

MACROECONOMICS FOR TODAY
10th Edition
ISBN:9781337613057
Author:Tucker
Publisher:Tucker
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 4SQP
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Durable goods
400
Nonresidential investment
300
Federal purchases of goods
250
Exports
550
State and local purchases of goods
250
Residential investment
50
Services
650
Imports
150
Change in business inventories
-15
Nondurable goods
500
Table 6.1
Transcribed Image Text:Durable goods 400 Nonresidential investment 300 Federal purchases of goods 250 Exports 550 State and local purchases of goods 250 Residential investment 50 Services 650 Imports 150 Change in business inventories -15 Nondurable goods 500 Table 6.1
Refer to Table 6.1. The share of personal consumption expenditures (C) in GDP is approximately: a. 55 %. b. 65 %. c
70% d. 75%.
Transcribed Image Text:Refer to Table 6.1. The share of personal consumption expenditures (C) in GDP is approximately: a. 55 %. b. 65 %. c 70% d. 75%.
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