Question: The table below shows the values for several different components of GDP. Composition of Gross Domestic Product Component Consumer durables Consumer nondurables Services Business

The table below shows the values for several different components of GDP.

The table below shows the values for several different components of GDP. Composition of Gross Domestic Product Component Consumer durables Consumer nondurables Services Business fixed investment Residential fixed investment Inventories Exports Imports Government purchases What is the value of total gross investment? Value (billions of dollars) $1,316.9 2,637.8 8,087.8 2,835.0 571.5 89.0 2,341.7 2,888.7 3,157.4

Step by Step Solution

★★★★★

3.37 Rating (156 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the value of total gross investment w... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!

When 30 randomly selected customers left a convenience store, each was asked the number of items he or she purchased. Construct an ungrouped frequency distribution for the data. These data will be...

Find the resistance of a wire frame shaped as a cube (Fig. 3.35) when measured between points (a) 1-7; (b) 1-2; (c) 1-3. The resistance of each edge of the frame is R? 6 7 2 3 1 4

Determine whether the statement is true or false. If it is true, explain why. If it is false, explain why or give an example that disproves the statement. 2 2 lim lim 4 4 4 lim 4 4 4 4

The table below shows the values for several different components of GDP. Composition of Gross Domestic Product Value points (billions of Component dollars) Skipped Consumer durables $1, 341. 1...

SA-TIED YOUNG SCHOLARS PROGRAMME Young Scholars This paper was produced as a part of the SA-TIED Young Scholars' programme. The programme is a part of SATIED's capacity building initiatives, designed...

5. "Italy includes cocaine, prostitution and black market alcohol in GDP figures" ( The Independent, October 30, 2014). How would you expect the inclusion of these previously excluded underground...

The table below shows hypothetical values of the expenditure components for the United States in 2015. Expenditures in the United States Amount of Expenditure (billions of Expenditure Component...

Part 1: Recent Economic and Financial Developments Monetary Policy Report submitted to the Congress on February 7, 2020, pursuant to section 2B of the Federal Reserve Act Domestic Developments The...

Please helpFrom the text- please make one annotation per page Workbook please complete using the text 4 Files 4:01 PM Fri May '13 Insert Draw Layout Review View Unit 4Economic Indicators Name: HR:...

Read the case scenario and use the text provided to support your answer and only used the text provided Case Scenario Dion is an engineer with Tesla Motors who helps to design electric motors. It has...

Suppose you are CFO of a heavy machine industry. Due to the pandemic, most of your clients delay their purchase of your products. Some clients even asked your accounting department to offer more and...

On March 30, Century Link received an invoice dated March 28 from ACME Manufacturing for 62 televisions at a cost of $100 each. Century received a 15/2/2 chain discount. Shipping terms were FOB...

work 3 LG Chem NMC-graphite cell specifications Nominal Discharge Voltage Rated Capacity Rated Discharge energy Open Circuit Voltage Cell Resistance Maximum Cell Voltage Minimum Cell Voltage Peak...

The WireOne Company manufactures high-quality coated electrical wire in two departments, Weaving and Coating. Materials are introduced at various points during work in the Weaving Department. After...

CloverSweet Inc. manufactures a product that goes through two departments prior to completion. The information shown in the table below is available about work in the first department, the Mixing...

Grand River Company produces a high-quality insulation material that passes through two production processes. Data for November for the first process follow: Required: 1. Assume that the company uses...

Green House Inc. processes cleaning fluid used as a base for household cleaning products produced by various distributors. Two departments are involved: Mixing and Heating. Data relating to litres of...

Categorize each of the following as a capital expenditure or a revenue expenditure (expensed) for Dalton & Sons and explain why: 1. In accordance with the long-term maintenance plan, paid for a newly...

You have decided to buy a car that costs $ 2 7 , 4 0 0 . Since you do not have a big down payment, the lender offers you a loan with an APR of 6 . 0 9 percent compounded monthly for 7 years with the...

Refer to Exercise 4.173 and the August 2011 survey by the Pew Internet & American Life Project. The study found that 40% of adult cell phone owners have downloaded an application ("app") to their...

Find a z-score, call it z0, such that a. P(z z0) = .5080 b. P(z z0) = .5517 c. P(z z0) = .1492 d. P(z0 z .59) = .4773

"Streaming" of television programs is trending upward. According to The Harris Poll (August 26, 2013), over one-third of American's qualify as "subscription streamers," i.e., those who watch streamed...

1. We discussed three indicators of health that have been studied worldwideinfant mortality, life expectancy, and subjective well-being. What other indicators do you think are important for assessing...

2. Have you ever noticed how people from different cultures express themselves? Was it the same or different from what you expected? Why? Can the concept of universality and cultural display rules...

4. How would you respond to the motherdaughter conflict, or school-fun conflict described in the section on dialectical thinking above? Try writing out your responses to these vignettes and discuss...