The following provides data for an economy in a certain year. Consumption expenditures $1,000 Imports $600 Government purchases of goods and services $700 Construction of new homes and apartments $500 Sales of existing homes and apartments $600 Exports $500 Government payments to retirees $200 Household purchases of durable goods $300 Beginning-of-year inventory $500 End-of-year inventory $600 Business fixed investment $300 Given the data, compute the investment component of GDP. $400 $800 $900 $300

The following provides data for an economy in a certain year. Consumption expenditures $1,000 Imports $600 Government purchases of goods and services $700 Construction of new homes and apartments $500 Sales of existing homes and apartments $600 Exports $500 Government payments to retirees $200 Household purchases of durable goods $300 Beginning-of-year inventory $500 End-of-year inventory $600 Business fixed investment $300 Given the data, compute the investment component of GDP. $400 $800 $900 $300

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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