Household purchases of education servicesAED108,720Household purchases of new housingAED293,760Purchases of capital equipmentAED119,880Inventory changesAED27,000Purchases of new structuresAED96,120Local government spending on goods and servicesAED84,960State government spending on goods and servicesAED150,840Federal government spending on goods andservicesAED425,520Transfer paymentsAED254,520Foreign purchases of domestically produced goodsAED78,120Domestic purchases of foreign goodsAED46,440Household purchases of durable goodsAED398,880Household purchases of nondurable goodsAED252,720Household purchases of non-education servicesAED73,080Current account BalanceAED96,840GDPNet TransfersGNPComplete table 3 by calculating the GDP, Net transfers and GNP.

here we calculate the GDP by using the expenditure method and also calculate the blank so…

Household purchases of education services AED108,720 Household purchases of new housing AED293,760 Purchases of capital equipment AED119,880 nventory changes AED27,000 Purchases of new structures AED96,120 Local government spending on goods and services AED84,960 State government spending on goods and services AED150,840 Federal government spending on goods and services AED425,520 Transfer payments AED254,520

Household purchases of education services AED108,720 Household purchases of new housing AED293,760 Purchases of capital equipment AED119,880 nventory changes AED27,000 Purchases of new structures AED96,120 Local government spending on goods and services AED84,960 State government spending on goods and services AED150,840 Federal government spending on goods and services AED425,520 Transfer payments AED254,520

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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