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 (-) signin front of those numbers.Consumption expendituresExportsGovernment purchases of goods and servicesConstruction of new homes and apartmentsSales of existing homes and apartmentsImportsGDPBeginning-of-year inventory stocksEnd-of-year inventory stocksBusiness fixed investmentGovernment payments to retireesHousehold purchases of durable goodsConsumption expenditures: $Investment expenditures: $Government Purchases: $Net Exports: $GDP: $$800$50$200$200$200$125$100$100$100$100$150

GDP actually reflects national income. Gross domestic product does not include reselling, share and…

ons: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to inclu of those numbers. GDP ption expenditures s iment purchases of goods and services. ruction of new homes and apartments of existing homes and apartments Es ing-of-year inventory stocks F-year inventory stocks ess fixed investment ment payments to retirees hold purchases of durable goods mption expenditures: $ ent expenditures: $ ment Purchases: $ ports: $ $800 $50 $200 $200 $200 $125 $100 $100 $100 $100 $150

ons: Enter your responses as whole numbers. If you are entering any negative numbers, be sure to inclu of those numbers. GDP ption expenditures s iment purchases of goods and services. ruction of new homes and apartments of existing homes and apartments Es ing-of-year inventory stocks F-year inventory stocks ess fixed investment ment payments to retirees hold purchases of durable goods mption expenditures: $ ent expenditures: $ ment Purchases: $ ports: $ $800 $50 $200 $200 $200 $125 $100 $100 $100 $100 $150

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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