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.
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.
Chapter11: Managing Aggregate Demand: Fiscal Policy
Section: Chapter Questions
Problem 1DQ
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