Question
The table below contains hypothetical data for country A for the year 2010. Country A's Goods and Services Total Household purchases of durable goods $1293
The table below contains hypothetical data for country A for the year 2010.
Country A's Goods and Services
Total
Household purchases of durable goods
$1293
Household purchases of nondurable goods
$1717
Household purchases of services
$301
Household purchases of new housing
$704
Purchases of capital equipment
$310
Inventory changes
$374
Purchases of new structures
$611
Depreciation
$117
Salaries of government workers
$1422
Government expenditures on public works
$553
Transfer payments
$777
Foreign purchases of domestically produced goods
$88
Domestic purchases of foreign goods
$120
Refer to the Table above to answer the following questions.
- What was country A's GDP in 2010?
- What was country A's consumption in 2010?
- What was country A's investment in 2010?
- What were country A's government purchases in 2010?
- What were country A's exports and imports in 2010? What was the net export in 2010?
5) Calculate how much each of the following items is worth in terms of today's dollars using 180 as the price index for today.
- In 1925, the CPI was 18 and the price of a movie ticket was $0.30.
- In 1930, the CPI was 14 and a cook earned $20 a week.
- In 1940, the CPI was 16 and a gallon of gas cost $0.20.
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