Macro Equations (P - P*) x Q* CS 2 PS = ( Q + Q * ) x p* 2 Pbuy = Pseu + tax Qtax = D (Pbuy ) = S(Psell) D(P) = 0QUESTION 2 10 points Save Answer In order to save money on new stealth planes, the US. government purchases $100 million worth of steel from China. This transaction affects U,S. GDP through which of the following TWO (2) GDP accounts? C] Consumption C] Investment C] Government Purchases C] Net Exports QUESTION 3 10 points Save Answer Using the table below, calculate nominal GDP for 2018 Round your answer to two (_2) decimal p aces 2016 2017 2018 P Q P Q P Q Apples $2.89 58 $2.32 58 $2.24 53 Oranges $1.76 40 $1.77 36 $1.94 49 : Q U EST I 0 N 4 20 points Save Answer If a country has $900 million in national Savings and $700 million in Investment, then it can spend $200 million to buy stocks, bonds, and assets of foreign companies, which is called foreign investment. The foreign company can use this money to invest in physical capital (like roads, bridges, etc.) to help create economic (growth/development), or it could invest in public health programs, which are an example of (physical/human) capital and help create economic v (growth/development) QUESTION 5 10 points Save Answer One of the goods in the table be ow c early does NOT belong in the CPI, so DON'T use it in your answer Using 2017 as the base year, calculate the CPI for 2019. Round your answer to two (_2) decimal places 2017 2018 2019 P Q P Q P Q Shoes $50 3 $3.25 3 $95 3 Glow sticks $1108 5 $1 5 $14 5 Pants $10 1 $2.50 1 $13 1