What were country as government purchases in 2010

Assignment Help Microeconomics

Reference no: EM13755920

The table below contains data for country A for the year 2010.

Household purchases of durable goods	$1293
Household purchases of nondurable goods	$1717
Household purchases of services	$301
Household purchases of new housing	$704
Purchases of capital equipment	$310
Inventory changes	$374
Purchases of new structures	$611
Depreciation	$117
Salaries of government workers	$1422
Government expenditures on public works	$553
Transfer payments	$777
Foreign purchases of domestically produced goods	$88
Domestic purchases of foreign goods	$120

Refer to the Table above to answer the following questions.

a. What was country A's GDP in 2010?

GDP of country A in 2010 was $7253.

b. What was country A's consumption in 2010?

c. What was country A's investment in 2010?

d. What were country A's government purchases in 2010?

e. What were country A's exports and imports in 2010? What was the net export in 2010?

Reference no: EM13755920

Questions Cloud

Connecticut a safe haven for whistleblowers : Connecticut State Legislation for Whistleblowers - why is Connecticut a Safe Haven for Whistleblowers

Health information management : Health Information Management and assessment-Create a file of five records that contain name, address, and telephone numbers. Begin by defining the fields in data dictionary format

Essay about google and the future of computing : 2500 word essay about Google and the future of computing. Research Google and discover at least 5 technologies they have developed (or are currently developing), other than the search and advertising features

Determining the cost of assets : On March 1, Maria purchased a new laptop computer for her business at a cost of $1,850. Maria also purchased a new laser printer/photocopier combination at a cost of $840 on the same date. In April, Maria purchased computer software to use in he..

What were country as government purchases in 2010 : What was country A's consumption in 2010 - what was country A's investment in 2010 and what were country A's government purchases in 2010?

Explain the project requirements and other assumptions : Summarize the project requirements and other assumptions and Define a work breakdown structure and describe the methodology behind constructing one

Which aims involved economic growth of the united states : Which aims involved economic growth of the United States? Which Soviet aims involved self-protection?

Describe the osi reference model : Write the name of the layer next to the number to which it corresponds. Describe the function of each layer, purpose of each layer, and what hardware resides at each layer within at least one paragraph for each layer.Describe the OSI Reference Mod..

Different budgets used in the different organizations : Review different budgets used in the different organizations in which your team works or in another organization with which you are familiar. What are the uses of the types of budgets you reviewed?

User Account

All Pages