Question 3

Business spending on inventories: $100 Let's wrap up our discussion on Business spending on productive assets: $220 this topic by calculating each Exports: $50 component and overall GDP for a Government purchases (excluding transfer payments): $200 sample economy. You can see its Home buying: $120 relevant information on the right. Imports: $60 Spending of households on goods and services: $800 Let's calculate GDP component by Transfer payments: $55 component. What is consumption im expenditure for this economy? Enter a response then click Submit below