r components of aggregate expenditure and GDP for the following economy using data from the table...
r components of aggregate expenditure and GDP for the following
economy using data from the table below.
Instructions: Enter your responses as whole
numbers.
| GDP Data | |
| Consumption expenditures | $600 |
| Exports | $75 |
| Government purchases of goods and services | $200 |
| Construction of new homes and apartments | $100 |
| Sales of existing homes and apartments | $200 |
| Imports | $50 |
| Beginning-of-year inventory stocks | $100 |
| End-of-year inventory stocks | $125 |
| Business fixed investment | $100 |
| Government payments to retirees | $100 |
| Household purchases of durable goods | $150 |
Consumption expenditures: $
Investment expenditures: $
Government Purchases: $
Net Exports: $
GDP: $
Homework Answers
ANSWER:
Consumption expenditure = $600
Investment expenditure = Construction of new homes and apartments + End of year inventory stocks = $100 + $125 = $225
Government purchases = $200
Net exports = Exports - Imports = $75 - $50 = $25
GDP = C + I + G + NX = $600 + $225 + $200 + $25 = $1,050
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