Title Value Gross Private Domestic Investment $3,134.201 billion Private Nonresidential Fixed Investment $2,658.026 billion Private Residential Fixed Investment $774.041 billion The difference between gross private domestic investment and fixed private investment represents inventory investment For the the second quarter of 2020 this amount was $ billion. (Enter your response rounded to one decimal place and be sure to use a minus sign if the magnitude is negative.)

What is indexing?

Last year, a small nation with abundant forests cut down 200 worth of trees. It then turned 100 worth of trees into 150 worth of lumber. It used 100 worth of that lumber to produce $250 worth of bookshelves. Assuming the country produces no other outputs, and there are no other inputs used in producing trees, lumber, and bookshelves, what is this nations GDP? In other words, what is the value of the final goods the nation produced including trees, lumber and bookshelves?

What is the difference between a series of economic data over time measured in nominal terms versus the same data series over time measured in real terms?

Should people typically pay more attention to their real income or their nominal income? If you Choose the latter, why would that make sense in todays world? Would your answer he the same for the 1970s?

What are the main components of measuring GDP with what is demanded?

A mortgage 105m is a loan that a person makes to purchase a house. Table 19.11 provides a list of the mortgage interest rate for several different years and the rate of inflation for each of those years. In which years would it have been better to be a person borrowing money from a bank to buy a home? In which years would it have been better to be a bank lending money?

The prime interest rate is the rate that banks charge their best customers. Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years would it have been best to be a lender? Based on the nominal interest rates and inflation rates in Table 19.10, in which of the years given would it have been best to be a borrower?

What are the main components of measuring GDP with what is produced?

What does GDP not tell us about the economy?