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Short Answer Questions (60 points) 1. (7 points) The table below shows the expenditures for an economy. Consumption expenditures 1,000 Imports 600 Government purchases of
Short Answer Questions (60 points) 1. (7 points) The table below shows the expenditures for an economy. Consumption expenditures 1,000 Imports 600 Government purchases of goods and services 700 Construction of new homes and apartments 500 Sales of existing homes and apartments 600 Exports 500 Government payments to retirees 200 Household purchases of durable goods 300 Beginning-of-year inventory 500 End-of-year inventory 400 Business fixed investment 300 A. (3 points) What is the value of investment spending? B. (4 points) If public saving is $300 more than private saving, what is the value of total taxes
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