GDP Data (in $ billion)Table 7-1Durable goods =$10,600.49Services =$12,500.56%3DBusiness purchases of capital goods =$1,080.00Fixed investment =$1,970.45Exports =$700.00Imports =$820.46Nondurable goods =$1,000.46Inventory investment =$301.25Government transfer payments -$1,240.26%3DPurchases of new residential housing -$890.45Government purchases =$7.890.56Refer to Table 7-1. GDP is equal toO S34,141.31O $33,143.31O $34,133.31O $34.143.31

GDP Data (in $ billion) Table 7-1 Durable goods $10,600.49 Services = $12,500.56 Business purchases of capital goods = $1,080.00 %3D Fixed investment = $1,970.45 Exports = $700.00 %3D Imports = $820.46 %3D Nondurable goods $1,000.46 %3D Inventory investment = $301.25 Government transfer payments = $1,240.26 Purchases of new residential housing = $890.45 Government purchases = $7,890.56 Refer to Table 7-1. GDP is equal to O $34,141.31 O $33,143.31 O $34.133.31 O $34,143.31

GDP Data (in $ billion) Table 7-1 Durable goods $10,600.49 Services = $12,500.56 Business purchases of capital goods = $1,080.00 %3D Fixed investment = $1,970.45 Exports = $700.00 %3D Imports = $820.46 %3D Nondurable goods $1,000.46 %3D Inventory investment = $301.25 Government transfer payments = $1,240.26 Purchases of new residential housing = $890.45 Government purchases = $7,890.56 Refer to Table 7-1. GDP is equal to O $34,141.31 O $33,143.31 O $34.133.31 O $34,143.31

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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