Econ Macro (book Only)
6th Edition
ISBN: 9781337408745
Author: William A. McEachern
Publisher: Cengage Learning
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Question
Chapter 6, Problem 3P
Sub-part
A
To determine
The value of Gross private domestic investment.
Concept Introduction:
Gross private domestic investment: It is the measure of physical investment used in calculating
Sub-part
B
To determine
The value of net investment.
Concept Introduction:
Gross private domestic investment: It is the measure of physical investment used in calculating gross domestic product (GDP).
Sub-part
C
To determine
Whether intermediate goods are counted in gross investment.
Concept Introduction:
Gross private domestic investment: It is the measure of physical investment used in calculating gross domestic product (GDP).
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Students have asked these similar questions
3. The market value of all final goods and services produced in the country
during the year, regardless of whether there are factors of production of the residents
of the country or owned by foreigners-is:
a) gross domestic product;
b) gross national product;
c) the GDP deflator;
d) net national product;
e) national income.
Given the following data, answer questions a through c.
Billions of dollars
New Residential Construction
$500
Purchase of existing homes
$250
Sales value of newly issued stocks and bonds
$600
New physical capital
$700
Depreciation
$200
New Intellectual property
$100
Household purchases of new furniture
$50
Net change in firms’ inventories
$100
Production of new intermediate goods
$700
What is the value gross private domestic investment?
Answer:
What is the value of net investment?
Are any intermediate goods counted in gross investment?
Production
Import
Export
Consumption
Price
Good A
68
68
57
Good B
68
68
40
Good C
86
86
87
Good D
74
74
37
Given the information above, calculate the following for 2018:
(a) Total Consumption Expenditure
(b) Net Export
(c) Gross Domestic Product
..
Chapter 6 Solutions
Econ Macro (book Only)
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