6. Calculate the four components of expenditure and GDP for the following economy using data from the

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6. Calculate the four components of expenditure and GDP for the following economy using data from the following table. (LO2)

Consumption expenditures Exports Government purchases of goods and services Construction of new homes and apartments $550 75 200 100 Sales of existing homes and apartments 200 Imports Beginning-of-year inventory stocks 50 100 End-of-year inventory stocks 125 Business fixed investment 100 Government payments to retirees 100 Household purchases of durable goods 150

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Principles Of Macroeconomics

ISBN: 9781264250356

8th Edition

Authors: Robert Frank, Ben Bernanke, Kate Antonovics, Ori Heffetz

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