he table below contains data for country Econoland for the year 2018.I$1293Household purchases of durable goodsHousehold purchases of nondurable goods$1717$301Houschold purchases of servicesHousehold purchases of new housingPurchases of capital equipmentInventory changes$704$310$374Purchases of new structures$611soDepreciationSalaries of government workersGovernment expenditures on public works$1422$553$777Transfer paymentsForeign purchases of domestically produced goodsDomestic purchases of foreign goods$88$120Refer to the above table. What were country Econoland's government purchases in 2018?$553$1198$1975$2752

In the table the government purchase of Econoland has been given.

he table below contains data for country Econoland for the year 2018. $1293 $1717 Household purchases of durable goods Household purchases of nondurable goods Houschold purchases of services $301 Household purchases of new housing $704 $310 Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers Government expenditures on public works Transfer payments Foreign purchases of domestically produced goods Domestic purchases of forcign goods $374 $611 so $1422 $553 $777 $88 $120 Refer to the above table. What were country Econoland's government purchases in 2018? $553 $1198 O $1975 O $2752

he table below contains data for country Econoland for the year 2018. $1293 $1717 Household purchases of durable goods Household purchases of nondurable goods Houschold purchases of services $301 Household purchases of new housing $704 $310 Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Salaries of government workers Government expenditures on public works Transfer payments Foreign purchases of domestically produced goods Domestic purchases of forcign goods $374 $611 so $1422 $553 $777 $88 $120 Refer to the above table. What were country Econoland's government purchases in 2018? $553 $1198 O $1975 O $2752

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Personal Taxes Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases $ 40 15 20 40 22 24 35 90 Gross Private Domestic Investment 75 U.S. Imports 22 Personal Consumption Expenditures 250 Consumption of Fixed Capital (depreciation) Net Foreign Factor Income Statistical Discrepancy Refer to the accompanying data (all figures in billions of dollars). DI is 25 10 0 Multiple Choice $284. $329. $274, Prev 10 of 50 Next >
Table 23-2 The table below contains data for the country of Crete for the year 2018. Total income Household purchases of durable goods Household purchases of nondurable goods Household purchases of non-education services Household purchases of education services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Local government spending on goods and services State government spending on goods and services Federal government spending on goods and services Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods 8. Refer to Table 23-2. What was Crete's GDP in 2018? a. $4623 b. $5731 c. $6037 d. $6839 $5731 $1108 $702 $203 $302 $816 $333 $75 $267 $401 $236 $419 $1182 $707 $217 $129 9. Refer to Table 23-2. What was Crete's consumption in 2018? a. $1810 b. $2013 c. $2315 d. $3131