Question
The following data summarize the expenditures for the macro-economy of a given country during the fiscal year 2019/20 rounded in millions of dollars: MACROECONOMIC DATA
The following data summarize the expenditures for the macro-economy of a given country during the fiscal year 2019/20 rounded in millions of dollars:
MACROECONOMIC DATA
Durable Goods Consumption Expenditures | 1,250 |
Nondurable Goods Consumption Expenditures | 3,500 |
Services Consumption Expenditures | 10,000 |
Business Fixed Investment | 4,500 |
Change in Inventories | -400 |
Government Consumption Expenditures and Gross Investment | 6,000 |
Exports | 5,000 |
Imports | 4,500 |
Show the logic as you answer
a. What is the value of net exports or the trade balance? =
b. What is the value of personal consumption expenditures? =
c. What is the value of gross private domestic investment ? =
d. What is the value in dollar terms of Gross Domestic Product? =
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