Calculate the four components of aggregate expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to include a negative (-) sign in front of those numbers. GDP Consumption expenditures $600 Exports $75 Government purchases of goods and services $200 Construction of new homes and apartments $100 Sales of existing homes and apartments $200 Imports $100 Beginning-of-year inventory stocks $100 End-of-year inventory stocks $150 Business fixed investment $100 Government payments to retirees $100 Household purchases of durable goods $150 Consumption expenditures: $ Investment expenditures: $ Government Purchases: $ Net Exports: $ GDP: $
Calculate the four components of aggregate expenditure and GDP for the following economy using data from the table below. Instructions: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to include a negative (-) sign in front of those numbers. GDP Consumption expenditures $600 Exports $75 Government purchases of goods and services $200 Construction of new homes and apartments $100 Sales of existing homes and apartments $200 Imports $100 Beginning-of-year inventory stocks $100 End-of-year inventory stocks $150 Business fixed investment $100 Government payments to retirees $100 Household purchases of durable goods $150 Consumption expenditures: $ Investment expenditures: $ Government Purchases: $ Net Exports: $ GDP: $
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Calculate the four components of aggregate expenditure and GDP for the following economy using data from the table below.
Instructions: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to include a negative (-) sign in front of those numbers.
| GDP | |
| Consumption expenditures | $600 |
| Exports | $75 |
| Government purchases of goods and services | $200 |
| Construction of new homes and apartments | $100 |
| Sales of existing homes and apartments | $200 |
| Imports | $100 |
| Beginning-of-year inventory stocks | $100 |
| End-of-year inventory stocks | $150 |
| Business fixed investment | $100 |
| Government payments to retirees | $100 |
| Household purchases of durable goods | $150 |
Consumption expenditures: $
Investment expenditures: $
Government Purchases: $
Net Exports: $
GDP: $
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