Given the following information, calculate personal consumption expenditures
GDP $5,000
Gross Private Domestic Investment $1,500
Government Consumption Expenditures and Gross Investment $1,000
Net Exports -$500
GDP = C + I + G + F
$5,000 = C + $1,500 + $1,000 + (-$500 )
$5,000 - $1,500 - $1,000 + $500 = C
$3,000 = C
You might also like to view...
Which of the following is (are) a guideline(s) to be used in the estimation of cash flows?
a. cash flows should be measured on an incremental basis b. cash flows should be measured on an after-tax basis c. all the indirect effects of the project should be included d. all of the above e. none of the above
Suppose American Bank has $500 in deposits and $200 in reserves and that the required reserve ratio is 10%. In this situation, American bank has
A. $50 in required reserves B. $50 in excess reserves C. $200 in required reserves
The rate of inflation can be defined as
A) The percent change in the general price level. B) The change in the general price level. C) The percentage increase in the price of corn. D) The sustained percent change increase in the general price level.
During the late 1990s, actual output in the United States appears to have exceeded potential output. Under these circumstances, we would eventually expect factor prices to ___________
Fill in the blank(s) with the appropriate word(s).