9. The table below contains data for country A for the year 2010. Total income $5731...
9. The table below contains data for country A for the year 2010.
Total income $5731
Household purchases of durable goods $1108
Household purchases of nondurable goods $702
Household purchases of non-education services $203
Household purchases of education services $302
Household purchases of new housing $816
Purchases of capital equipment $333
Inventory changes $75
Purchases of new structures $267
Depreciation $401
Local government spending on goods and services $236
State government spending on goods and services $419
Federal government spending on goods and services $1182
Transfer payments $707
Foreign purchases of domestically produced goods $217
Domestic purchases of foreign goods $129
a. What was A’s GDP in 2010?
b. What was A’s consumption in 2010?
c. What was A’s investment in 2010?
d. What were A’s government purchases in 2010?
e. What were A’s net exports in 2010?
Homework Answers
Ans. a) A's GDP = $5731
b) A's consumption = $2315
c) A's investment = $1491
d) A's Government Purchases = $1837
e) A's Net Exports = $88
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9. The table below contains data for country A for the year
2010.
Total income $5731...
Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services...
Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services $301 All new residential building $704 Purchases of capital equipment $310 Depreciation $374 Government expenditures on public works $553 Transfer payments $777 Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods $120 Refer to Table 23-2. What was country A's GDP in 2010? $6359 $7136 $5220 $8147
2) The following table provides data for an economy in a certain year 1,000 700 600...
2) The following table provides data for an economy in a certain year 1,000 700 600 Consumption expenditures Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments 500 Government payments to retirees Household purchases of durable goods Beginning-of-year inventory End-of-year inventory Business fixed investment 600 300 Given the data in the table, compute the investment component of GDP A) 900 B) 400 C) 300 D) 800 3) The following table provides...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
Ante tolikowing Us Towy w Et Questo 39 Gradesh 1. The western component DD 2. An...
Ante tolikowing Us Towy w Et Questo 39 Gradesh 1. The western component DD 2. An increase in real GDP of the UNE output of goods and services U 3. Economists use the termino debe overall production levels rising 4. Suppose that a borrower and and then on a loan. Then nation turns out to be the one that the real interest rate on this loans lower than 6. The catch-up effect is deed the property where rich more rapidly...
Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services $301 All new residential building $704 Purchases of capital equipment $310 Depreciation $374 Government expenditures on public works $553 Transfer payments $777 Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods $120 Refer to Table 23-2. What was country A's GDP in 2010? $6359 $7136 $5220 $8147
2) The following table provides data for an economy in a certain year 1,000 700 600 Consumption expenditures Government purchases of goods and services Construction of new homes and apartments Sales of existing homes and apartments 500 Government payments to retirees Household purchases of durable goods Beginning-of-year inventory End-of-year inventory Business fixed investment 600 300 Given the data in the table, compute the investment component of GDP A) 900 B) 400 C) 300 D) 800 3) The following table provides...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
Ante tolikowing Us Towy w Et Questo 39 Gradesh 1. The western component DD 2. An increase in real GDP of the UNE output of goods and services U 3. Economists use the termino debe overall production levels rising 4. Suppose that a borrower and and then on a loan. Then nation turns out to be the one that the real interest rate on this loans lower than 6. The catch-up effect is deed the property where rich more rapidly...
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