Consider the following NIPA Data Durable goods Nonresidential investment Federal purchases of goods Exports State and local purchases of goods $Billions 800 400 300 400 200
Consider the following NIPA Data Durable goods Nonresidential investment Federal purchases of goods Exports State and local purchases of goods $Billions 800 400 300 400 200
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
Consider the following NIPA Data
USE THE DATA ABOVE TO ANSWER QUESTIONS A-F
- PCE=C=__________
- GPDI=I-=____________
- GOV=G=_______________
- NET EXPORTS=NX=____________
GDP =________________- COMPUTE THE SHARES OF EACH OF THE FOUR MAIN CATEGORIES IN GDP
![Consider the following NIPA Data
Durable goods
Nonresidential investment
Federal purchases of goods
Exports
State and local purchases of goods
Residential investment
Services
Imports
Change in business inventories
Nondurable goods
$Billions
800
400
300
400
200
50
500
250
-25
700
USE THE DATA ABOVE TO ANSWER QUESTIONS A-F
A. PCE=C=
B. GPDI=I-=
C.GOV=G=
D. NET EXPORTS=NX=
E. GDP=
F. COMPUTE THE SHARES OF EACH OF THE FOUR MAIN CATEGORIES
IN GDP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F761244b5-9ff0-4030-a080-5ea04d6dff8a%2F63e997fa-d98e-47df-a054-6abf4c6ae656%2Fzoasxsf_processed.png&w=3840&q=75)
Transcribed Image Text:Consider the following NIPA Data
Durable goods
Nonresidential investment
Federal purchases of goods
Exports
State and local purchases of goods
Residential investment
Services
Imports
Change in business inventories
Nondurable goods
$Billions
800
400
300
400
200
50
500
250
-25
700
USE THE DATA ABOVE TO ANSWER QUESTIONS A-F
A. PCE=C=
B. GPDI=I-=
C.GOV=G=
D. NET EXPORTS=NX=
E. GDP=
F. COMPUTE THE SHARES OF EACH OF THE FOUR MAIN CATEGORIES
IN GDP
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Answer D, E, F please
![Consider the following NIPA Data
Durable goods
Nonresidential investment
Federal purchases of goods
Exports
State and local purchases of goods
Residential investment
Services
Imports
Change in business inventories
Nondurable goods
$Billions
800
400
300
400
200
50
500
250
-25
700
USE THE DATA ABOVE TO ANSWER QUESTIONS A-F
A. PCE=C=
B. GPDI-I-=
C. GOV=G=_
D. NET EXPORTS=NX=
E. GDP=
F. COMPUTE THE SHARES OF EACH OF THE FOUR MAIN CATEGORIES IN
GDP](https://content.bartleby.com/qna-images/question/0062e4a6-9690-49aa-88d1-44e3a48d2adc/6e3f3331-07d9-4d68-b7ae-317a512bcfbe/2b5e4c7_thumbnail.png)
Transcribed Image Text:Consider the following NIPA Data
Durable goods
Nonresidential investment
Federal purchases of goods
Exports
State and local purchases of goods
Residential investment
Services
Imports
Change in business inventories
Nondurable goods
$Billions
800
400
300
400
200
50
500
250
-25
700
USE THE DATA ABOVE TO ANSWER QUESTIONS A-F
A. PCE=C=
B. GPDI-I-=
C. GOV=G=_
D. NET EXPORTS=NX=
E. GDP=
F. COMPUTE THE SHARES OF EACH OF THE FOUR MAIN CATEGORIES IN
GDP
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