1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
vivado [14]
3 years ago
5

The table below shows the expenditure components for the United States in 2015. Expenditures in the United States Expenditure Co

mponent Amount of Expenditure (billions of dollara) Durable goods $1,367.1 Nondurable goods 2,666.0 Services 8,299.1 Nonresidential fixed investment 2,336.2 Residential fixed investment 645.4 Change in private inventories 111.9 Exports 2,264.9 Imports 2,789.0 Federal government 1,224.0 State and local government 1,994.9sing the values in the table, calculate the following aggregate expenditures and nominal GDP.Instructions: Round your answers to one decimal place.a. What is the value of consumption expenditures in 2015?$ billionb. What is the value of government expenditures in 2015?$ billionc. What is the value of gross investment in 2015?$ billiond. What is the value of nominal GDP in 2015?$ billion
Business
1 answer:
AlladinOne [14]3 years ago
8 0

Answer:

a. $12,332.2 billion

b. $3218.9  billion

c. $3093.5 billion

d.  $18120.5 billion

Explanation:

a. The value of Consumption Expenditure = Sum of consumption expenditure on all goods and services

= $1,367.1 billion + $2,666 billion + $8,299.1 billion

= $12,332.2 billion

b. The value of Government Expenditure = Sum of expenditure by federal Government and State & Local government

= $1224.0 billion + $1994.9 billion

= $3218.9  billion

c. Gross Investment = Sum of investment and inventories

=Non-residential fixed investment +  Residential fixed investment + Change in private inventories

= $2336.2 billion + $645.4 billion + $111.9 billion

= $3093.5 billion

d. Nominal GDP = C + I + G + (X-M)

= $12332.2 billion + $3093.5 billion + $3218.9 billion + ($2264.9 billion - $2789 billion)

= $18120.5 billion

You might be interested in
What is the moral hazard​ problem?a. The problem that managers of a financial firm will take on riskier investments because they
s344n2d4d5 [400]

Moral Hazard occurs when a person increases its exposure to risk because someone else bears the the cost of those risk(Insurance companies)

Explanation:

Moral Hazard usually occurs when their is information asymmetry,the risk taking party has more information than the risk incurring party.

The financial crisis of 2008 is the best example of the Moral Hazard Problem.

The Moral Hazard Problem arises because the managers of the financial firm took over riskier investments because they believed that  the federal government will save them from the bankruptcy.

3 0
3 years ago
3. Which of the following best defines inflation? a. The rapid increase in the price of a specific good, such as gasoline b. A g
Dvinal [7]

The best answer is D.

7 0
3 years ago
Read 2 more answers
Which of the following would likely be covered under homeowners insurance but NOT by renter's insurance?
Simora [160]
Hello, your correct answer is,

<span>C) Tree branch breaks your bedroom window during a storm.

Hope I helped, tell me if I'm wrong!
</span>
8 0
3 years ago
Read 2 more answers
If a good is normal, then an increase in income will result in a(n) a. increase in the demand for the good. b. decrease in the d
andrew11 [14]

Answer:

a. increase in the demand for the good.

Explanation:

As we know that

In the case of normal goods, there is a positive relationship between the income and the quantity demand. If the income rises, the quantity demand is also rising and vice versa

But in the case of inferior goods, it shows an inverse relationship between the income and the quantity demand. If the income rises, the quantity demand is falling and vice versa

8 0
3 years ago
What does this mean help
Black_prince [1.1K]
Chill/Sleep mode... I think errr
3 0
3 years ago
Other questions:
  • Sodresh Sundials manufactures large stone sundials. It costs $14.22 to produce a sundial, which can then be sold for $36.75. The
    5·2 answers
  • Diversification may dissipate value if it is wrongly based on: a. transferring competencies. b. realizing economies of scope. c.
    7·1 answer
  • A student makes the following​ argument: ​"A price floor reduces the amount of a product that consumers buy because it keeps the
    6·1 answer
  • Customers who face the same general needs of the marketplace but are likely to experience them months or years earlier than the
    15·1 answer
  • If current market interest rates rise, what will happen to the value of outstanding bonds?
    7·1 answer
  • Why are slide presentations universal in business environments?
    5·1 answer
  • One employee is in charge of the following activities at a refreshment stand: Activity Activity Time per Customer Greet customer
    13·1 answer
  • The assumption that preferences are complete: Group of answer choices means that a consumer will spend her entire income. means
    13·1 answer
  • A baseball team plays in a stadium that holds 54,000 spectators. With the ticket price at $10, the average attendance at recent
    10·1 answer
  • Which energy source accounts for nearly 7% of global energy consumption, making it the leading fossil fuel alternative
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!