The table below shows economic activity for a tiny country. Using the expenditure approach determine the following. Activity Total Value (dollars) Families buy groceries Electronics company sells HD projectors to households Personal trainer gives a Zumba class Custard stand sells pistachio ice cream Police department buys new cars Mayor leads creation of a new budget for education Elevator-construction company builds a new factory Local businessperson purchases corn from Mexico Sports-gear company sells hockey gloves to Canadian team Bike store sells five used carbon-fiber bikes Local stockbroker executes trades for clients 600,000 100,000 5,000 2,000 500,000 300,000 600,000 400,000 200,000 200,000 2,000,000 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative front of those numbers.
The table below shows economic activity for a tiny country. Using the expenditure approach determine the following. Activity Total Value (dollars) Families buy groceries Electronics company sells HD projectors to households Personal trainer gives a Zumba class Custard stand sells pistachio ice cream Police department buys new cars Mayor leads creation of a new budget for education Elevator-construction company builds a new factory Local businessperson purchases corn from Mexico Sports-gear company sells hockey gloves to Canadian team Bike store sells five used carbon-fiber bikes Local stockbroker executes trades for clients 600,000 100,000 5,000 2,000 500,000 300,000 600,000 400,000 200,000 200,000 2,000,000 Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative front of those numbers.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:The table below shows economic activity for a tiny country. Using the expenditure approach determine the following.
Activity
Total Value (dollars)
Families buy groceries
Electronics company sells HD projectors to households
Personal trainer gives a Zumba class
Custard stand sells pistachio ice cream
Police department buys new cars
Mayor leads creation of a new budget for education
Elevator-construction company builds a new factory
Local businessperson purchases corn from Mexico
Sports-gear company sells hockey gloves to Canadian team
Bike store sells five used carbon-fiber bikes
Local stockbroker executes trades for clients
600,000
100,000
5,000
2,000
500,000
300,000
600,000
400,000
200,000
200,000
2,000,000
Instructions: Enter your answers as a whole number. If you are entering any negative numbers be sure to include a negative sigr
front of those numbers.
a. Consumption $707000.
b. Investment = $ [2600000.
c. Government purchases = $ B00000
d. Net exports $200000
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