The table below details the composition of an economy's GDP by spending category Category Expenditures (billions of dollars) Fixed business investment $3,200 00 Durable goods $2,350 00 Exports $700 00 Federal government purchases $1,600 00 New home construction $1,050 00 Imports $840 00 Change in inventories $ 250 00 Nondurable goods $4,900 00 Services $8,200 00 State and local government purchases $2,150 00 Use the information in the table to calculate the following a) Consumption $ billion b) Investment $ billion c) Government $ billion d) Net exports $ billion e) GDP $ billionPart 2(1point) Think about the different components of GDP and how they change with the business cycle Which component of consumption fluctuates the most Choose one A durable goods B nondurable goods C new home construction D services Part 3 Consider the net exports component of GDP Suppose exports increase by $100 billion and imports decrease by $100 billion Net exports will A remain the same B increase by 200 billion C Decrease by 200 billion

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The table below details the composition of an economy's GDP by spending category  Category Expenditures (billions of dollars) Fixed business investment $3,200 00 Durable goods $2,350 00 Exports $700 00 Federal government purchases $1,600 00 New home construction $1,050 00 Imports $840 00 Change in inventories $ 250 00 Nondurable goods $4,900 00 Services $8,200 00 State and local government purchases $2,150 00 Use the information in the table to calculate the following  a) Consumption  $   billion b) Investment  $   billion c) Government  $   billion d) Net exports  $   billion e) GDP  $ billionPart 2(1point) Think about the different components of GDP and how they change with the business cycle  Which component of consumption fluctuates the most  Choose one  A  durable goods B  nondurable goods C  new home construction D  services Part 3 Consider the net exports component of GDP  Suppose exports increase by $100 billion and imports decrease by $100 billion  Net exports will   A remain the same B increase by 200 billion C Decrease by 200 billion

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Category	Expenditures (billions of dollars)
Fixed business investment	$3,200.00
Durable goods	$2,350.00
Exports	$700.00
Federal government purchases	$1,600.00
New home construction	$1,050.00
Imports	$840.00
Change in inventories	$-250.00
Nondurable goods	$4,900.00
Services	$8,200.00
State and local government purchases	$2,150.00

The table below details the composition of an economy's GDP by spending category. Category Expenditures (billions of

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Managerial economics applications strategy and tactics

The table below details the composition of an economy's GDP by spending category. Category Expenditures (billions of

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Managerial economics applications strategy and tactics

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