Question

Real-Time Data Analysis Exercise The following table contains some investment data from FRED* for the fourth quarter of 2017. Real-time data provided by Federal Reserve Economic Data (FRED), Federal Reserve Bank of Saint Louis. Title Value Gross Private Domestic Investment Private Nonresidential Fixed Investment Private Residential Fixed Investment $3,285.601 billion $2,511.182billion $767.091 billion The difference between gross private domestic investment and fixed private investment represents inventory investment For the the fourth quarter of 2017 this amount was $billion. (Enter your response rounded to one decimal place and be sure to use a minus sign if the magnitude is negative.) IS Enter your answer in the answer box and then click Check Answer.

Answer 1

Answer:

Inventory investment = Gross private domestic - Fixed private investment

                                    = $3,285.601 billion - ($2,511.182+767.091)billion

                                    = $3,285.601-$3,278.273

                                    = $7.3 billion

Explanation: