Why Choose Us?
0% AI Guarantee
Human-written only.
24/7 Support
Anytime, anywhere.
Plagiarism Free
100% Original.
Expert Tutors
Masters & PhDs.
100% Confidential
Your privacy matters.
On-Time Delivery
Never miss a deadline.
Components of National Expenditure are given below 662 1,083 1,662 979 2,370 -4 Defense Durable goods Exports Federal Imports Inventory investment Nondefense Nondurable goods Nonresidential fixed investment Residential fixed investment Services State and local 317 2,833 1,504 630 5,794 1,696 Calculate: 1
Components of National Expenditure are given below 662 1,083 1,662 979 2,370 -4 Defense Durable goods Exports Federal Imports Inventory investment Nondefense Nondurable goods Nonresidential fixed investment Residential fixed investment Services State and local 317 2,833 1,504 630 5,794 1,696 Calculate: 1. Consumption 2. Investments 3. Govt. expenditure 4. Net Exports 5. GDP
Expert Solution
1 - Comsumption = Durable + Non durable + Services
= 1083 + 2833+5794
= 9710
2 - Investment
= residential + Non residential + Inventory
= 630 + 1504 - 4
= 2130
3 - Government spending
= Federal + State and local
= 979 + 1696
= 2675
4 - Net export
= 1662 - 2370
= (-708)
5 - GDP = C + I + G + NX
= 9710 + 2310 + 2675 -708
= 13987
Archived Solution
You have full access to this solution. To save a copy with all formatting and attachments, use the button below.
For ready-to-submit work, please order a fresh solution below.
