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 $_________________

Expert Solution

Ans.5.

Rahul Sunny answered 1 year ago

First fully define durable and non-durable goods. Second graphically and in writing and describe the business...

First fully define durable and non-durable goods. Second graphically and in writing and describe the business cycle from recession and depression to economic boom.

Durable goods &n

Durable goods 400 Non-resident investment 300 Federal purchase of goods 300 Exports 500 State and local purchases of goods 250 Residential investment 5 Imports 150 Change in business inventories -25 Nondurable goods 600 Depreciation 50 Net factor income from abroad 30 Determine: i) Personal consumption expenditures ii) The value for gross private domestic investment iii) The value of Net Exports iv) The value of government...

Analyze a recent purchase you made of a durable good (durable goods are goods that don't...

Analyze a recent purchase you made of a durable good (durable goods are goods that don't wear out quickly or those that have a lifespan of more than three years - computers, cars, mobile phones, kitchen appliances, etc.) Write a 1,050- to 1,400-word paper in which you review the steps that you took in making this purchasing decision. Base your review on the following six steps in the consumer decision process: Problem recognition Information search Alternative evaluation Purchase Use Evaluation...

The difference between capital goods and material inputs is that: Capital goods are durable; Materials are...

The difference between capital goods and material inputs is that: Capital goods are durable; Materials are used up Capital goods become physically part of the output produced; Materials do not Capital goods are machinery; Materials are everything else Capital goods are bough on credit; Materials are paid for in cash The amount of output required for consumption by producers at their customary standard of living, plus the amount required to replace capital depreciation and material inputs, is referred to as:...

As the sale and lease of both consumable as well as durable goods are the driving...

As the sale and lease of both consumable as well as durable goods are the driving force of our economic marketplace, they also need be considered as the primary transactions for how individual businesses do business.The need to limit and/or somehow control the legal liability that emanates from such transactions is of, however, critical importance . Various mechanisms have been considered, implemented and relied upon to contain this potential and often costly liability . Considering those, as a result of governmental actions, as well...

Consider a student who purchases education (x) and other goods (y). The student has preferences over...

Consider a student who purchases education (x) and other goods (y). The student has preferences over these goods given by u(x, y) = ln(x) + 3ln(y). The prices of education and other goods are, respectively, px = 10 and py = 5, and the student’s income is I = 20. 1. Using the first-order conditions you derived, find the student’s optimal consumption of education x ∗ and other goods y ∗ and derive an algebraic expression for the student’s income...

The data below is the total spending (in millions of dollars) on drugs and other non-durable...

The data below is the total spending (in millions of dollars) on drugs and other non-durable products for your assigned state (or DC). You need to convert this data to spending per capita in constant 2019 dollars. Go to the FRED database at https://fred.stlouisfed.org/ Search for the PCEPI. Change the frequency to annual. Using that price index (this is a national index; there isn't a PCE index for each state), convert the following to 2019Q3 dollars. Again using the FRED...

1. Identify the last two items (consumer goods and durable goods) you purchased. Alternatively, select any...

1. Identify the last two items (consumer goods and durable goods) you purchased. Alternatively, select any two items you purchased during the last two months. Choose diverse items and analyze each item in terms of the following factors: a. Why did you buy that item? How did you decide what to get? b. What attributes proved most important in narrowing your choices? c. Where did you get your information about the item? d. Where did you go to buy the...

Homework 6 Topic: Choose an industry (sports, consumer goods, health, durable goods, retails etc.) Sports industry...

Homework 6 Topic: Choose an industry (sports, consumer goods, health, durable goods, retails etc.) Sports industry Choose a firm in this industry. Nike Discuss how this firm can increase its profitability. Identify the short- run and long-run strategies. Provide numerical support, if possible. Be as specific as possible. Details: You will prepare the assignment in teams of two people. You can choose your teammate. If you want to work by yourself, it is allowed as well. Different groups cannot choose...

Consider the following observations on businesscycles. Private sector expenditures on durable consumerand investment goods is...

Consider the following observations on business cycles. Private sector expenditures on durable consumer and investment goods is much more sensitive to the business cycle than expenditure on nondurable goods and services; durable goods expenditures decline during business cycle contractions and rise during expansions. Durable goods manufacturers typically do not reduce their prices during the early phase of business contractions, nor do they raise prices during the early stages of business expansions.(a) Why would downward price-rigidity in the durable goods sector of an economy...

Question