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1. Table 1 contains the data for Country A for year 2020 Table 1 Household purchases of durable goods $1293 Household purchases of nondurable goods
1. Table 1 contains the data for Country A for year 2020 Table 1 Household purchases of durable goods $1293 Household purchases of nondurable goods $1717 Household purchases of services $301 Household purchases of new housing $704 Purchases of capital equipment $310 Inventory changes $374 Purchases of new structures $611 Depreciation $117 Salaries of government workers $1422 Government expenditures on public works $553 Transfer payments $777 Foreign purchases of domestically produced goods $88 Domestic purchases of foreign goods $120 Based on Table 1, identify the GDP and its component and compute the following: 1) consumption ii ) investment ili ) government purchase iv ) net exports V ) GDP [Total Marks: 10]
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