Question
Item Dollars (Billions) Consumption expenditure. 2,814 Investment. Government purchases of goods and services. 1,899 Exports of goods and services. 900 Imports of goods and services.
| Item | Dollars (Billions) |
| Consumption expenditure. | 2,814 |
| Investment. | |
| Government purchases of goods and services. | 1,899 |
| Exports of goods and services. | 900 |
| Imports of goods and services. | 876 |
| Nominal GDP | 7,349 |
2020 | 2021 | |||
| Item | Quantity | Price | Quantity | Price |
| Domestic Pets Adopted | 220,000 | $120 | 480,000 | $140 |
| Gym Equipment | 50,000 | $1,300 | 400,000 | $1,200 |
| Airfares | 3,329,000 | $280 | 194,290 | $300 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Advanced Placement Microeconomics
Authors: Bill Hurd
1st Edition
1531150306, 978-1531150303
