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

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 Value (billions of dollars) $1,341.1 2,660.2 8,136.8 2,865.0 584.5 97.6 Exports Imports Government purchases What is the value of total gross investment? Instructions: Round your answer to 1 decimal place. billion 2,362.9 2,914.3 3,221.2

Step by Step Solution

★★★★★

3.39 Rating (152 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

Total gross investment Business fixed investment Residential fixed ... 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!

Total solar eclipses actually take place nearly as often as total lunar eclipses, but the former are visible over a much narrower path. Both the path width and the duration vary substantially from...

Cost of a packet of tea and a packet of one litre milk are Rs 20 and Rs 30 respectively. 10 cups of tea is made with one packet tea and for each cup 200 ml of milk is used. If tea is sold at 25%...

What are the structural and functional implications of enzyme conformational dynamics, including protein folding, domain motions, and induced-fit mechanisms, in accommodating substrate binding,...

The firm announces a standing offer to buy a fixed number of shares at a specified price, and investors choose whether they'd like to accept the offer. What method is described in the preceding...

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...

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...

SorryMomTattoos produces and sells tattoos that make your parents want to disown you. The company uses a costing system based on actual costs. Selected accounting and production information for...

From Chapter 9 from the section on Gauging Cultural Adaptivity (pages 189 to 194) explain in detail one communication issue for each of these two issues, a cultural assessment and having clear...

FE/EIT - Static analysis of a wheel (spool) pulled by a rope (See spool dynamics in Hw 15.5). The figure to the right shows a rigid body B consisting of an axle and wheel. One end of a thin...

Lindex Company manufactures a product that goes through three processing departments. Information relating to activity in the first department during October is given below: The department started...

What is the purpose or purposes of Form 8-K filings by SEC registrants? What specific items of information must be included in an 8-K that announces a change in audit firms?

Arizona Brick Corporation produces bricks in two processing departments-Molding and Firing. Information relating to the company's operations in March follows: a. Raw materials were issued for use in...

Unique Quality Recourses purchased a patent for $150,000 on July 1, 2009. The estimated useful life is 20 years. The legal life is 15 years. What is the amortization expense for the fiscal year ended...

The SEC requires registrants to have their quarterly financial statements reviewed by an independent accounting firm but does not mandate that a review report be included in a Form 10-Q. Under what...

Banks can reduce their credit risk by restructuring their asset portfolio to contain fewer and more Treasury bonds; municipal bonds Treasury bonds; commercial loans Treasury bonds; corporate bonds...

Refer to the Psychological Science (August 2011) study of fingerprint identification, Exercise 3.85. The study found that when presented with prints from the same individual, a fingerprint expert...

In each of the following instances, determine whether you would use a z- or t-statistic (or neither) to form a 95% confidence interval and then look up the appropriate z- or t-value. a. Random sample...

Refer to the study of runs scored in Major League Baseball games, Exercise 12.14. Multiple regression was used to model total number of runs scored (y) of a team during the season as a function of...

1. Conduct a simple replication of the better-thanaverage effect by surveying your classmates about how they rate themselves with regard to others on some characteristic. If possible do the same...

3. Are indigenous personalities really indigenous? For example, the Japanese culture includes the concept of amae described above. Do you think that amae also exists in other cultures, at least in...

1. Consider a hypothetical research study that you might like to conduct that would investigate gender differences of a particular behavior or psychological phenomenon. How would you conduct the...