Table 7-3 (in $ billion)consumption$1,100.00%3Dinventory investment =$460.00purchased of new capital goods =$560.00government purchases =$300.00%3Dexports =$20.00%3Dimports$33.00%Dpurchased of new residential housing =$58.00%3DRefer to Table 7-3, GDP equalsO $2,165.00O $2,432.00O $2,465.00O $2,425.00

Answer GDP = $2465 ; option 'c' is correct. Explanation GDP = Consumption + Investment +…

lable 7-3 (in $ billion) consumption = $1,100.00 %3D inventory investment = $460.00 %3D purchased of new capital goods = $560.00 %3D government purchases = $300.00 exports = $20.00 %3D imports = $33.00 %3D purchased of new residential housing = $58.00 Refer to Table 7-3, GDP equals

lable 7-3 (in $ billion) consumption = $1,100.00 %3D inventory investment = $460.00 %3D purchased of new capital goods = $560.00 %3D government purchases = $300.00 exports = $20.00 %3D imports = $33.00 %3D purchased of new residential housing = $58.00 Refer to Table 7-3, GDP equals

ECON MACRO

5th Edition

ISBN:9781337000529

Author:William A. McEachern

Publisher:William A. McEachern

Chapter9: Aggregate Demand

Section: Chapter Questions

Problem 3.7P

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Question

Table 7-3 (in $ billion)
consumption
$1,100.00
%3D
inventory investment =
$460.00
purchased of new capital goods =
$560.00
government purchases =
$300.00
%3D
exports =
$20.00
%3D
imports
$33.00
%D
purchased of new residential housing =
$58.00
%3D
Refer to Table 7-3, GDP equals
O $2,165.00
O $2,432.00
O $2,465.00
O $2,425.00

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