SDP for the Calculate the four components of expenditure and Instructions: Enter your responses as whole numbers. GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments $550 $75 $200 $100 $200 Imports $50 Beginning-of-year inventory stocks End-of-year inventory stocks Business foxed investment Government payments to retirees Household purchases of durable goods $100 $125 $100 $100 $150 Consumption expenditures: Investment expenditures: Government Purchases: Net Exports: GDP:
SDP for the Calculate the four components of expenditure and Instructions: Enter your responses as whole numbers. GDP Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments $550 $75 $200 $100 $200 Imports $50 Beginning-of-year inventory stocks End-of-year inventory stocks Business foxed investment Government payments to retirees Household purchases of durable goods $100 $125 $100 $100 $150 Consumption expenditures: Investment expenditures: Government Purchases: Net Exports: GDP:
Chapter6: Tracking The U.s. Economy
Section: Chapter Questions
Problem 1.2P
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Transcribed Image Text:Calculate the four components of expenditure and GDP for the following economy using data from the table below.
Instructions: Enter your responses as whole numbers.
GDP
Consumption expenditures
Exports
Government purchases of goods and services
Construction of new homes and apartments
Sales of existing homes and apartments
$550
$75
$200
$100
$200
$50
Imports
Beginning-of-year inventory stocks
$100
End-of-year inventory stocks
Business fixed investment
Government payments to retirees
Household purchases of durable goods
$125
$100
$100
$150
Consumption expenditures:
Investment expenditures:
Government Purchases:
Net Exports:
GDP:
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