The table below shows hypothetical values of the expenditure components for the United States in 2015. Expenditures in the United States Amount of Expenditure (billions of Expenditure Component dollars) Durable goods $1,230.6 Nondurable goods 2,621.7 Services 7,593.0 Nonresidential fixed investment 2,023.6 Residential fixed investment 456.6 Change in private inventories 66.6 Exports 2,273.9 Imports 2,829.2 Federal government 1,330.4 1,938.4 State and local government Using the values in the table, calculate the following aggregate expenditures and nominal GDP.

The table below gives some of the items in the U.S. National Income and ProductAccounts in 1995.ItemAmount(trillions ofdollars)Consumption expenditure 4.97Investment 1.14Government expenditures 1.37Net exports 0.08Wages 4.20Interest, rent, and profit 1.68Depreciation 0.89a) Use the expenditure approach to calculate U.S. GDP in 1995.b) Use the income approach to calculate U.S. net domestic product at factor cost in

What is the relative importance of consumption spending (C) in aggreagte demand and some factors that affect it? What is the relative importance of investment spending (I) in aggreagte demand and some factors that affect it? What is the relative importance of government spending (G) in aggreagte demand and some factors that affect it? What is the relative importance of Net Export (NX) (Net Export = spending on exports (X) - imports (M)) in aggreagte demand and some factors that affect it?

A) What will be the new level of consumption at the $ 340 billion level of disposable income?  B) What will be the new level of saving?

Explain some reasons why consumption spending and gross private domestic investment spending are so important.  What determinants do they have in common?

The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases $350B, GDPI $150B, Exports $150B, Imports $100B, Depreciation $50B. a) what is the value of GDP and NDP? b) what is the value of Net private Domestic investment ? c) suppose that in the next year exports increases to $175B, imports increase to 200B, and consumption falls to 350B. What will GDP be in that year?

The table below provides Income and consumption Data in billions of dollars. Answer question below based on it.Disposable                  Consumption                 SavingsIncome100                                 80                                    --------200                                 150                                  --------- If the government increases spending by $5,000, then based on data in question 21, GDP in this economy will increase by

How do budget surpluses and budget deficits affect the consumption and investment components of GDP

Classify each of the following items as a final good or service or an intermediate good or service, and identify which is a component of consumption expenditure, investment, or government expenditure on goods and services. A. A new limousine for the president B. A DVD bought by a household C. Steel sheets bought by General Motors D. A new apartment building O 1. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, C is an intermediate good, and D is a final good that is investment. O 2. A is an intermediate good, B is a final good that is investment, C is an intermediate good, and D is a final good that is investment. O 3. Ais a final good that is government expenditure, B is a final good that is consumption expenditure, Cis a final good that is consumption expenditure, and D is a final good that is consumption expenditure. O 4. Ais an intermediate good, B is a final good that is consumption expenditure, C is an intermediate good, and D is…

1 Instructions: In the table, enter your answers for consumption as a whole number. Round your answers for APC and APS to 3 decimal places. Round your answers for MPC and MPS to 1 decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers eBook Level of Output and Income (GDP = DI) $480 520 560 600 640 680 720 760 800 Consumption 512 536 560 584 608 632 650 680 704 Saving $-32 -16 0 16 32 48 V 64 80 96 Instructions: Enter your answer as a whole number. b. What is the break-even level of income in the table? APC 1.067 1.000 0.973 0982 0978 0974 880 APS -0.067 0.000 0 027 0071 0089 0.105 0.120 MPC 0.6 06 0.6 0.6 0.6 0.6 06 0.6 MPS 560 What is the term that economists use for the saving situation shown at the $480 level of income? 0.4 04 04 04 04 04 0.4 04 Dissaving c. For each of the following items, indicate whether the value in the table is either constant or variable as income changes: The MPS: Constant The APC: Variable…