Question

Instructions: Round your answers to the nearest dollar. a. Consumption housand b. Investment housand c. Government purchases thousand d. Net exports- thousand e. GDP thousand

Answer 1

Families buy groceries	Consumption	700
Electronics company buy	Consumption	100
Personal trainer	Consumption	8
Custard stand	Consumption	2
Police department	Government purchases	500
Mayor leads to	Investment	300
Elevator-construction	Investment	600
Local business	Import	400
Sports-gear	Exports	200
Bike store	Not included	200
a.Consumption	810
b.Investment	900
c.Government purchases	500
d.Net exports	Export-Import=-200
e.GDP	=C+I+G+NX=810+900+500-200=2010