The following table provides data for an economy in a certa 1000 MOTaduneuos expenditure Teports 600 Government 700 parchases of goods and services Construction 500 of new homes and aparchenta Salen of existing homes and 600 apertmenta Exporta 500 Governnent payments o 200 retirees 300 Household purchases of durable goods 100 Change in inventory A Calculate the value of investment spending B What is the value of government spending C What is the value of consumer spending D. What is the value of net exports spending E Calculate the value of GDP according to the spending approach

ENGR.ECONOMIC ANALYSIS
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Chapter1: Making Economics Decisions
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The following table provides data for an economy in a certa e
Consumpticn
expenditure
Tmports
1000
600
Government
700
purchases of
goods and
services
Construction
500
of new homes
and
aparchenta
Sales of
600
existing
homen and
apertmenta
Exporta
500
Government
200
payments to
retirees
Household
purchases of
durable
goods
Change in
inventory
300
100
A Calculate the value of investment spending
B. What is the value of government spending
C. What is the value of consumer spending
D. What is the value of net exports spending
E Calculate the value of GDP according to the spending approach
Transcribed Image Text:The following table provides data for an economy in a certa e Consumpticn expenditure Tmports 1000 600 Government 700 purchases of goods and services Construction 500 of new homes and aparchenta Sales of 600 existing homen and apertmenta Exporta 500 Government 200 payments to retirees Household purchases of durable goods Change in inventory 300 100 A Calculate the value of investment spending B. What is the value of government spending C. What is the value of consumer spending D. What is the value of net exports spending E Calculate the value of GDP according to the spending approach
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