Solve it correctly all subparts Inventory investment = SNet exports = $Gross domestic product = $Statistical discrepancy = SNational saving = $ ValueComponents of Spending(billions of dollars)$140Consumption$27Business fixed and residential investment$10Inventory stock at the end of prior year$5Inventory stock at the end of current year$12Depreciation$80Government outlays$45Government purchases$21Exports$17Imports$126Labor income$70Capital income$5Net income of foreigners$28Taxes, subsidies, and transfers

The national income or GDP can be calculated by using the expenditure method. The expenditure method…

Answered: Inventory investment = $ %3D Net…

Inventory investment = $ %3D Net exports = $ Gross domestic product = $ Statistical discrepancy $ %3D National saving = $

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Solve it correctly all subparts

Inventory investment = S
Net exports = $
Gross domestic product = $
Statistical discrepancy = S
National saving = $

Value
Components of Spending
(billions of dollars)
$140
Consumption
$27
Business fixed and residential investment
$10
Inventory stock at the end of prior year
$5
Inventory stock at the end of current year
$12
Depreciation
$80
Government outlays
$45
Government purchases
$21
Exports
$17
Imports
$126
Labor income
$70
Capital income
$5
Net income of foreigners
$28
Taxes, subsidies, and transfers

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