### Components of GDP in 2013The table below outlines the components of GDP for the year 2013, as reported by the Bureau of Economic Analysis, measured in billions of dollars.#### Consumer Spending- **Durable goods:** $1,263.0 billion- **Nondurable goods:** $2,622.9 billion- **Services:** $7,615.7 billion#### Private Investment Spending- **Fixed investment spending:** $2,564.0 billion - **Nonresidential:** $2,047.1 billion - **Structures:** $456.4 billion - **Equipment and intellectual property products:** $1,590.7 billion - **Residential:** $516.9 billion- **Change in private inventories:** $106.1 billion#### Net Exports- **Exports:** $2,259.9 billion- **Imports:** $2,757.2 billion#### Government Purchases of Goods and Services and Investment Spending- **Federal:** $1,245.9 billion - **National defense:** $770.7 billion - **Nondefense:** $475.1 billion- **State and local:** $1,879.6 billion### Tasks- a. Calculate 2013 consumer spending.- b. Calculate 2013 private investment spending.- c. Calculate 2013 net exports.

Gross domestic product (GDP) is a standard measure of the value-added generated by a country's…

Answered: The components of GDP in the…

ENGR.ECONOMIC ANALYSIS

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Year 2014 (base) 2015 Product Quantity Price Quantity Price 2016 Quantity Price Beer 15 550 575 Pizza 7 275 280 Hot Wings 10 640 660 Given the above table, the nominal GDP in 2015 is: 500 300 600 17 8 12 20 10 13 A/ (whole number) dollars. The real A (whole number) GDP in 2016 is: dollars. The GDP deflator for 2016 equals:
Which of the following is NOT included in 2004's GDP? Group of answer choices The profit earned in 2004 from selling a stock that you purchased in 2001. The value of a personal computer produced in 2004 in the United States. The value of a car produced in 2004 in the United States and exported to England. The commission earned by an employment counselor in 2004 when she locates a job for a client.
Computation of GDP by the expenditures method would include the purchase of A. fertilizer by a farmer b. government bonds by a commercial bank. c. cement from a construction company d. Land by the U.S department of interior.
In 2013, Blackberry bought $100 million in parts in New York and $150 million in parts in Ontario to produce $600 million worth of phones in Ontario. In 2013, Blackberry sold $500 million in phones and paid $200 million in wages, $40 million in interest, and $60 million in rent. Blackberry sold the remaining phones in 2014. Based on this information, what was Blackberry's value-added contribution to 2013 Canadian GDP? a) $600 million b) $500 million c) $450 million d) $350 million e) $200 million
I completely understand that you will not do th entire worksheet but could you do a couple of them and explain to me how to finish the rest and how to calcuate the overall gdp? Thank you
Summarize and perform the calculation of Gross Domestic Product (GDP) utilizing three different approaches for computing GDP for the given table
Find the last year GDP data and the personal consumption expenditure data (in billions) for the US economy. Section 1: Domestic Product and Income
Which of the following are included in the year’s GDP? which are excluded? Explain your answers Coca-Cola builds a new bottling unit in the United states. Income of a tax accountant working for H&R block. The value of car batteries used in production of electric cars.
GDP Data (in $ billion) Table 7-1 Durable goods = $10,600.49 Services = $12,500.56 %3D Business purchases of capital goods = $1,080.00 Fixed investment = $1,970.45 Exports = $700.00 Imports = $820.46 Nondurable goods = $1,000.46 Inventory investment = $301.25 Government transfer payments - $1,240.26 %3D Purchases of new residential housing - $890.45 Government purchases = $7.890.56 Refer to Table 7-1. GDP is equal to O S34,141.31 O $33,143.31 O $34,133.31 O $34.143.31
Which of the following is NOT included in Canadian GDP calculations? air pollution that contaminates the air you breathe car parts manufactured in Canada for assembly of a car in Mexico toxic waste cleanup performed by a local company cleaning services performed by a local cleaning company
Which of the following is an example of investment, as a component of GDP? The purchase of bridges and dams by the government. The purchase of a truck by a delivery company. The purchase of Ford stock by an individual saving for retirement. The purchase of land by an individual.
Which spending category of GDP does each of the following transactions count in? Please enter the letter C, I, G, NX, or N to represent consumption, investment, government spending, net exports, or none. The government paid a total of $30,000 in subsidies to people who had installed solar panels on their homes . Bill spent his $400 social security check on rent and food . Company X produces $5,000 of wine this year but they do not sell it . Your parents pay $8,000 for tuition to UCF . The government pays $1 million to people it hires to collect census data

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