ategory Expenditures (billions of dollars) Fixed business investment $2,950.00 Durable goods $2,300.00 Exports $700.00 Federal government purchases $1,250.00 New home construction $1,300.00 Imports $840.00 Change in inventories $-200.00 Nondurable goods $4,800.00 Services $9,450.00 State and local government purchases $2,100.00 Use the information in the table to calculate the following: (a) Consumption: $ billion (b) Investment: $ billion (c) Government: $ billion (d) Net exports: $ billion (e) GDP: $ billion
ategory Expenditures (billions of dollars) Fixed business investment $2,950.00 Durable goods $2,300.00 Exports $700.00 Federal government purchases $1,250.00 New home construction $1,300.00 Imports $840.00 Change in inventories $-200.00 Nondurable goods $4,800.00 Services $9,450.00 State and local government purchases $2,100.00 Use the information in the table to calculate the following: (a) Consumption: $ billion (b) Investment: $ billion (c) Government: $ billion (d) Net exports: $ billion (e) GDP: $ billion
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 1SCQ: Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment...
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Category | Expenditures (billions of dollars) |
Fixed business investment | $2,950.00 |
Durable goods | $2,300.00 |
Exports | $700.00 |
Federal government purchases | $1,250.00 |
New home construction | $1,300.00 |
Imports | $840.00 |
Change in inventories | $-200.00 |
Nondurable goods | $4,800.00 |
Services | $9,450.00 |
State and local government purchases | $2,100.00 |
Use the information in the table to calculate the following:
(a) Consumption: $ billion
(b) Investment: $ billion
(c) Government: $ billion
(d) Net exports: $ billion
(e) GDP: $ billion
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