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a) Consumption: $ billion b) Investment: $ billion c) Government: $ billion d) Net exports: $ billion e) GDP:$ billion

a) Consumption: $ billion b) Investment: $ billion c) Government: $ billion d) Net exports: $ billion e) GDP:$ billion

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Please answer a to e sir   I know sir. Bartley policy but I have no more question sir. Please answer all I will rate sir..

The table below details the composition of an economy's GDP by spending category. Category Expenditures (billions of dollars) Fixed business investment $3,050.00 Durable goods $2,600.00 Exports $700.00 Federal government purchases $1,350.00 New home construction $1,300.00 Imports $840.00 Change in inventories $-200.00 Nondurable goods $4,950.00 Services $8,250.00 State and local government purchases $2,550.00 Use the information in the table to calculate the following: a) Consumption: $ billion b) Investment: $ billion 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
Transcribed Image Text:The table below details the composition of an economy's GDP by spending category. Category Expenditures (billions of dollars) Fixed business investment $3,050.00 Durable goods $2,600.00 Exports $700.00 Federal government purchases $1,350.00 New home construction $1,300.00 Imports $840.00 Change in inventories $-200.00 Nondurable goods $4,950.00 Services $8,250.00 State and local government purchases $2,550.00 Use the information in the table to calculate the following: a) Consumption: $ billion b) Investment: $ billion 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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