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Summarize the expenditures for the macro-economy

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Reference no: EM133203052

The following data summarize the expenditures for the macro-economy of a given country during the fiscal year 2019/20 rounded in millions of dollars:

MACROECONOMIC DATA

Durable Goods Consumption Expenditures

1,250

Nondurable Goods Consumption Expenditures

3,500

Services Consumption Expenditures

10,000

Business Fixed Investment

4,500

Change in Inventories        

-400

Government Consumption Expenditures and Gross Investment

6,000

Exports

5,000

Imports

4,500

Show the logic as you answer 

a. What is the value of net exports or the trade balance?

b. What is the value of personal consumption expenditures?

c. What is the value of gross private domestic investment?

d. What is the value in dollar terms of Gross Domestic Product?

Reference no: EM133203052

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