IDs B Eshibit 7 Durable goods Services Husiness Fixed investment 850 800 Nondura

Question

IDs B Eshibit 7 Durable goods Services Husiness Fixed investment 850 800 Nondurable good Inventory investment Government transfer payments Purchases of new residential housing Government purchases 450 Refer to Exhibit 7-3. Net exports is equal to a. $200. b. $1,400 c. $200. d. $600. e. $1,400. 28, Refer to Exhibit 7-3. Investment is equal to a. $2,200. b. $200. c. $850 d. $1,250 e. $1,050. 29, 30. Refer to Exhibit 7-3. GDP is equal to a. $14,000. b. $8,600 c. $11,450 d. $13,050. e $11,550. _ 31, Refer to Exhibit 7-3. Consumption is equal to a. $8,200 b. $9,000 e. $9,700 d. $3,700 e. $10,150

Explanation / Answer

28. Option C

Net exports refer to the value of a country's total exports minus the value of its total imports

Net exports = 600-800 = -200

29. Option E

Investment = Fixed Investment + Inventory Investment = 850+200 = 1050

30. Option D

GDP =  Consumption + Investment + Government Spending + Net Exports

GDP = C + I + G + NX

C = 3000 + 6000 + 700 + 450 = $10150

G = 900 + 400 = 1300

I = 850 + 200= $1050

NX = -200

31. Option E

C = 3000 + 6000 + 700 + 450 = $10150

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