Question
The table below contains data for the country of Wrexington for the year 2018. Total income $5731 Household purchases of durable goods $1108 Household purchases
The table below contains data for the country of Wrexington for the year
2018.
Total income $5731
Household purchases of durable goods $1108
Household purchases of nondurable goods $702
Household purchases of non-education services $203
Household purchases of education services $302
Household purchases of new housing $816
Purchases of capital equipment $333
Inventory changes $75
Purchases of new structures $267
Depreciation $401
Local government spending on goods and services $236
State government spending on goods and services $419
Federal government spending on goods and services $1182
Transfer payments $707
Foreign purchases of domestically produced goods $217
Domestic purchases of foreign goods $129
Answer the following questions:
a. What was Wrexington's GDP in 2018? (2 Marks)
b. What were Wrexington's consumption in 2018? (2 Marks)
c. What were Wrexington's investment in 2018? (2 Marks)
d. What were Wrexington's government purchases in 2018? (2 Marks)
e. What were Wrexington's exports in 2018? (2 Marks)
f. What were Wrexington's imports in 2018? (2 Marks)
g. What were Wrexington's net exports in 2018? (2 Marks)
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