Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Components of GDP Nonresidential investment $500 Durable goods 750 Government purchases 300 Residential investment 450 Exports 1750 Services 850 Change in business inventories -250

The Components of GDP Nonresidential investment $500 Durable goods 750 Government purchases 300 Residential investment 450 Exports 1750 Services 850 Change in business inventories -250 Nondurable goods 900 Imports 1000 Refer to the Refer to the table. Consider the data in the table (in billions of dollars) for an economy. Consumption expenditures for this economy equals ________. Group of answer choices $1600 billion $2950 billion $2500billion $2100 billion

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Economics

Authors: Stephen Slavin

11th Edition

978-0078021800, 0078021804

More Books

Students also viewed these Economics questions

Question

6.1 Which correlation coefficient should be used for which scales?

Answered: 1 week ago

Question

Do not go, wait until I come

Answered: 1 week ago

Question

Pay him, do not wait until I sign

Answered: 1 week ago