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
Night talking time. Everyone allowed!
Rudiy27

Answer:

if u want talk to me here I am

8 0
2 years ago
Answer please help please
mezya [45]
A computer game that can be purchased online and played right away has good time utility.

This is because going to the store then installing the game on your computer takes time. This time can be saved by simply buying the game online and playing it right away.
7 0
3 years ago
Can you please help me to get proper answer of these questions? I need answers of these questions but didn't found proper answer
PSYCHO15rus [73]
Can developing country to term and how much they trade
7 0
2 years ago
define Goodwill......... should it be considered as an asset and State the reason why it is controversial in a business today​
Lana71 [14]

Answer:established reputation of a business regarded as a quantifiable asset and calculated as part of its value when it is sold.

Explanation:if Company A buys Company B for more than the fair value of Company B's assets and debts, the amount left over is listed on Company A's balance sheet as goodwill.

8 0
3 years ago
Fill in the blanks: The plan you present during the advise phase of your inbound sales strategy closes the gap between _______ a
Hitman42 [59]

The plan you present during the advise phase of your inbound sales strategy closes the gap between where the prospect is now and where they want to be.

Explanation:

Inbound sales is a strategy that gives priority to individual customers ' desires, concerns, priorities and ambitions. Rather, retailers seek to reach customers where they are and direct them through the decision-making process rather than concentrate on closing their transactions as soon as possible.

In that phase you need to paint an image that the current plan of your perspective will not get you where you want to go, and that the plan you are about to present will close the gap between where you want to go and where you are now. In your presentation, what you are doing is to explain how to close this gap.

6 0
3 years ago
Other questions:
  • Coronado uses the periodic inventory system. For the current month, the beginning inventory consisted of 7100 units that cost $1
    12·1 answer
  • On June 1, Sawyer Co. borrowed $5,000 by extending their past-due account payable with a 45-day, 12% interest-bearing note. On J
    8·2 answers
  • Joel is more apt to have employees buy in to his proposed new attendance policy if he asks for employee ________.
    8·1 answer
  • 5. Calculate the return on investment in dollars and as a percentage for an investment that you purchase for $500 and sell for $
    7·2 answers
  • Pinto Corp. sells $300,000 of bonds to private investors. The bonds have a 4% coupon rate and interest is paid semiannually. The
    5·1 answer
  • During a certain four-year period, the consumer price index (CPI) increased by 30%, but during the next four-year period, it inc
    10·2 answers
  • Preferred Stock As of December 31, 2015, we had one class of preferred stock outstanding. We are authorized to issue approximate
    15·1 answer
  • A movie studio sells the latest movie on DVD to VideosRUs at $10 per DVD. The studio's cost of production is $1 per DVD. VideosR
    15·1 answer
  • HELP HELP 10 POINT FOR YOU ILL MAKE IT 20 HELP HELp
    14·2 answers
  • An entrepreneur might use _____ in the very early stages of a start-up.
    7·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!