Refer to the information provided in Table ŞBillions 1,400 Federal purchases of goods Services Imports Change in business inventories Durable goods Nondurable goods Exports 700 500 100 400 600 300 Residential investment 300 State and local purchases Nonresidential investment 600 700 Refer to Table The value of government spending in billions of dollars is Select one: a. 2,300. b. 2,000. c. 800. d. 1,400.

MACROECONOMICS
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ISBN:9781337794985
Author:Baumol
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Chapter11: Managing Aggregate Demand: Fiscal Policy
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Refer to the information provided in Table
ŞBillions
1,400
Federal purchases of goods
Services
700
Imports
Change in business inventories
Durable goods
Nondurable goods
Exports
Residential investment
500
100
400
600
300
300
State and local purchases
Nonresidential investment
600
700
Refer to Table The value of government spending in billions of dollars is
Select one:
а. 2,300.
b. 2,000.
с. 800.
d. 1,400.
Transcribed Image Text:Refer to the information provided in Table ŞBillions 1,400 Federal purchases of goods Services 700 Imports Change in business inventories Durable goods Nondurable goods Exports Residential investment 500 100 400 600 300 300 State and local purchases Nonresidential investment 600 700 Refer to Table The value of government spending in billions of dollars is Select one: а. 2,300. b. 2,000. с. 800. d. 1,400.
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