Refer to the information provided in TableTable$Billions80050020040300Federal purchases of goodsServicesImportsChange in business inventoriesDurable goodsNondurable goodsExportsResidential investmentState and local purchasesNonresidential investment60050200200650Refer to Table The value for gross domestic product in billions of dollars isSelect one:3,140.Б. 2,900.C. 3,650.d. 3,440.

GDP = consumption + investment + government expenditure + net export

Refer to the information provided in Table Table Federal purchases of goods Services $Billions 800 500 200 40 Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment 300 600 50 State and local purchases Nonresidential investment 200 200 650

Refer to the information provided in Table Table Federal purchases of goods Services $Billions 800 500 200 40 Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment 300 600 50 State and local purchases Nonresidential investment 200 200 650

MACROECONOMICS FOR TODAY

10th Edition

ISBN:9781337613057

Author:Tucker

Publisher:Tucker

Chapter5: Gross Domestic Product

Section: Chapter Questions

Problem 4SQP

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Question

Refer to the information provided in Table
Table
$Billions
800
500
200
40
300
Federal purchases of goods
Services
Imports
Change in business inventories
Durable goods
Nondurable goods
Exports
Residential investment
State and local purchases
Nonresidential investment
600
50
200
200
650
Refer to Table The value for gross domestic product in billions of dollars is
Select one:
3,140.
Б. 2,900.
C. 3,650.
d. 3,440.

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