An economy produces only fun and food. In 2020 . The table shows the prices and the quantities of fun and food produced in 2020 and 2021. The It Q t' Price base year is 2020. em "an my (dollars) _ . Fun 37 1 Calculate nominal GDP In 2020 and 2021. Food 57 6 In 2021 Price Nominal GDP in 2020 is $ . Item Quantity (dollars) Fun 39 2 Nominal GDP in 2021 is $ Food 59 12 Investors snapping up US homes at record levels With confidence in the housing market and low mortgage interest rates, U.S. investors are buying new and existing homes at a record high rate. Source: Fox News, August 8, 2019 Where do sales and inventories of existing homes appear in the circular flow of expenditure and income? How does an increase in sales of existing homes and a low inventory of existing homes affect real GDP? Sales and inventories of existing homes in the circular flow of expenditure and income. An increase in sales of existing homes and a low inventory of existing homes GDP. A. appear as a flow of investment from households through factor markets; increases O B. are not part of current expenditure, so they do not appear; does not influence O C. appear as a flow of investment from firms through goods markets to households; increases O D. appear as a flow of consumption expenditure from households to firms through financial markets; does not influence O E. are part of the flow of investment, so they do appear; increasesThe table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. Amount Item (trillions of dollars) What is consumption expenditure as a percentage of disposable personal income? Wages 6.6 >>> Answer to 1 decimal place. Government expenditure 2.2 Interest, rent, and profit 2.6 Consumption expenditure 8.2 Investment 1.9 Net exports - 0.6 National income is $ trillion and disposable personal income is $ trillion. Indirect taxes less subsidies 0.8 1.9 Disposable personal income is percent of national income. Retained profits Transfer payments 1.4 Consumption expenditure is percent of disposable personal income. Personal income taxes 1.0 GNP 11.7 Depreciation 1.4An economy produces only fun and food. In 2020 Price The table shows the prices and the quantities of fun and food produced in 2020 and 2021. The Item Quantity (dollars) base year is 2020. Fun 37 " - Calculate nominal GDP in 2020 and 2021. Food 57 . . In 2021 Price Nominal GDP in 2020 is $ Item Quantity (dollars) Fun 39 2 Nominal GDP in 2021 is $ Food 59 12The table shows some of the items in an economy's National Income and Product Accounts. Calculate national income and disposable personal income. What is consumption expenditure as a percentage of disposable personal income? >>> Answer to 1 decimal place. E) National income is 33 trillion and disposable personal income is $ trillion. Disposable personal income is percent of national income. Consumption expenditure is percent of disposable personal income. Amount Item (trillions of dollars) Wages 6.6 Government expenditure 2.2 Interest, rent, and prot 2.6 Consumption expenditure 8.2 Investment 1.9 Net exports - 0.6 Indirect taxes less subsidies 0.8 Retained prots 1.9 Transfer payments 1.4 Personal income taxes 1.0 GNP 11.7 Depreciation 1.4