Solved

Suppose That the Following Data Explain the Economic Activity in a Country

Question 162

Essay

Suppose that the following data explain the economic activity in a country in the year 2010.  Component of Spending  Value in billions  of dollars  Consumption 174 Business fixed and residential investment 40 Inventory stock at the end of 199910 Inventory stock at the end of 200015 Depreciation 18 Govemment outlays 90 Government purchases 75 Total government tax receipts 100 Exports 21 Imports 30 Labor income 150 Capital Income 90 Net income of foreigners 10 Sales taxes 30\begin{array} { | c | c | } \hline \text { Component of Spending } & \begin{array} { c } \text { Value in billions } \\\text { of dollars }\end{array} \\\hline \text { Consumption } & 174 \\\hline \text { Business fixed and residential investment } & 40 \\\hline \text { Inventory stock at the end of } 1999 & 10 \\\hline \text { Inventory stock at the end of } 2000 & 15 \\\hline \text { Depreciation } & 18 \\\hline \text { Govemment outlays } & 90 \\\hline \text { Government purchases } & 75 \\\hline \text { Total government tax receipts } & 100 \\\hline \text { Exports } & 21 \\\hline \text { Imports } & 30 \\\hline \text { Labor income } & 150 \\\hline \text { Capital Income } & 90 \\\hline \text { Net income of foreigners } & 10 \\\hline \text { Sales taxes } & 30 \\\hline\end{array} Given these data, calculate the following:
(A) Inventary investinent
(B) Net erants
(C) Gross domestic product
(D) Statistical discrepancy
(E) Netionel secㅏㅁㅏ
(F) Gaverment serin
(G) Verify that national saring equuals investment plus net exgorts

Correct Answer:

verifed

Verified

(A) Inventary investment is blured image billian.
(B...

View Answer

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions

Unlock this Answer For Free Now!

View this answer and more for free by performing one of the following actions

qr-code

Scan the QR code to install the App and get 2 free unlocks

upload documents

Unlock quizzes for free by uploading documents