Question

In: Economics

Household purchases of durable goods $1,108 Household purchases of nondurable goods $702 Household purchases of non-education...

Household purchases of durable goods

$1,108

Household purchases of nondurable goods

$702

Household purchases of non-education services

$203

Household purchases of education services

$302

Household purchases of new housing

$816

Purchases of capital equipment

$333

Inventory changes

$75

Purchases of new structures

$267

Depreciation

$401

Local government spending on goods and services

$236

State government spending on goods and services

$419

Federal government spending on goods and services

$1,182

Transfer payments

$707

Foreign purchases of domestically produced goods

$217

Domestic purchases of foreign goods

$129

Please show which are which above

5.   Refer to the above table and answer the following questions:

      Consumption expenditure is $________

      Investment expenditure is $________

      Government purchases of goods and services is $__________

      Net exports is $_____________

      GDP is $_________________

Solutions

Expert Solution

Ans.5.


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