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Table 1 The table below contains data for country A for the year 2020. **Please identify only those categories that are included in GDP calculations* Household purchases of durable goods $25,200 Household purchases of nondurable goods $17,500 Household purchases of services $15,000 Household purchases of new housing S70,450 Purchases of capital equipment $65,500 Inventory changes $37,000 Purchases of new structures $67,150 Depreciation $1,1735 Salaries of govemment workers $18,500 Government expenditures on public works $55,000 Transfer payments $77,780 Foreign purchases of domestically produced goods $21,800 Domestic purchases of foreign goods $35,000 2. Refer to Table 1. What was Country A's GDP in 2020? 3. Refer to Table 1. What was Country A's consumption in 2020? 4. Refer to Table 1. What was Country A's investment in 2020? 5. Refer to Table 1. What was Country A's govemment purchases in 2020? 6. Refer to Table 1. What was Country A's net exports in 2020?

Table 1 The table below contains data for country A for the year 2020. **Please identify only those categories that are included in GDP calculations* Household purchases of durable goods $25,200 Household purchases of nondurable goods $17,500 Household purchases of services $15,000 Household purchases of new housing S70,450 Purchases of capital equipment $65,500 Inventory changes $37,000 Purchases of new structures $67,150 Depreciation $1,1735 Salaries of govemment workers $18,500 Government expenditures on public works $55,000 Transfer payments $77,780 Foreign purchases of domestically produced goods $21,800 Domestic purchases of foreign goods $35,000 2. Refer to Table 1. What was Country A's GDP in 2020? 3. Refer to Table 1. What was Country A's consumption in 2020? 4. Refer to Table 1. What was Country A's investment in 2020? 5. Refer to Table 1. What was Country A's govemment purchases in 2020? 6. Refer to Table 1. What was Country A's net exports in 2020?

Exploring Economics
Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter19: Measuring Economic Performance
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Table 1 The table below contains data for country A for the year 2020. **Please identify only those categories that are included in GDP calculations** Household purchases of durable goods $25,200 Household purchases of nondurable goods $17,500 Household purchases of services $15,000 Household purchases of new housing $70,450 Purchases of capital equipment $65,500 Inventory changes $37,000 Purchases of new structures $67,150 Depreciation $1,1735 Salaries of govemment workers $18,500 Government expenditures on public works $55,000 |Transfer payments $77,780 Foreign purchases of domestically produced goods $21,800 Domestic purchases of foreign goods $35,000 2. Refer to Table 1. What was Country A's GDP in 2020? 3. Refer to Table 1. What was Country A's consumption in 2020? 4. Refer to Table 1. What was Country A's investment in 2020? 5. Refer to Table 1. What was Country A's government purchases in 2020? 6. Refer to Table 1. What was Country A's net exports in 2020?
Transcribed Image Text:Table 1 The table below contains data for country A for the year 2020. **Please identify only those categories that are included in GDP calculations** Household purchases of durable goods $25,200 Household purchases of nondurable goods $17,500 Household purchases of services $15,000 Household purchases of new housing $70,450 Purchases of capital equipment $65,500 Inventory changes $37,000 Purchases of new structures $67,150 Depreciation $1,1735 Salaries of govemment workers $18,500 Government expenditures on public works $55,000 |Transfer payments $77,780 Foreign purchases of domestically produced goods $21,800 Domestic purchases of foreign goods $35,000 2. Refer to Table 1. What was Country A's GDP in 2020? 3. Refer to Table 1. What was Country A's consumption in 2020? 4. Refer to Table 1. What was Country A's investment in 2020? 5. Refer to Table 1. What was Country A's government purchases in 2020? 6. Refer to Table 1. What was Country A's net exports in 2020?
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