The following provides data for an economy in a certain year. Consumption expenditures$50Imports$40Government purchases of goods and services$20Construction of new homes and apartments$30Sales of existing homes and apartments$40Exports$50Government payments to retirees$10Household purchases of durable goods$20Beginning-of-year inventory$10End-of-year inventory$20Business fixed investment$30Given the data, compute the investment component of GDP.
A. $70
B. $30
C. $40
D. $60
Answer: A
You might also like to view...
The reasons why someone cannot get a job are similar to the reasons why someone cannot get a date
Using the ideas of frictionally unemployed, structurally unemployed, and cyclically unemployed, describe and explain how a student at your university might be frictionally "undated," structurally "undated," and cyclically "undated."
A country simultaneously raises tariffs on manufactured goods and overvalues the exchange rate. Why might these seemingly contradictory policies be pursued together?
What will be an ideal response?
The index that is not based on a fixed market basket of goods and services is the
A) CPI. B) PPI. C) Wholesale Price Index. D) GDP Price Deflator.
Currencies depreciate and appreciate all the time. Who gains and who loses when the Mexican peso depreciates?
a. Americans holding Mexican pesos gain, U.S. tourists to Mexico lose b. U.S. exporters to Mexico gain, Americans holding pesos lose c. Mexican tourists gain, U.S. tourists in Mexico lose d. Mexican importers gain, Mexican exporters lose e. Mexican exporters gain, Mexican importers lose