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Zigmanuir [339]
3 years ago
9

Durable goods $3,000 Services 6,000 Business purchases of capital goods 400 Fixed investment 850 Exports 600 Imports 800 Nondura

ble goods 700 Inventory investment 200 Government transfer payments 100 Purchases of new residential housing 450 Government purchases 900 Refer to Exhibit 7-3. Consumption is equal to
Business
1 answer:
ASHA 777 [7]3 years ago
6 0

Answer:

$9,700

Explanation:

The computation of the consumption is shown below;

= Durable goods + Services + Non-durable goods

= $3,000 + $6,000 + $700  

= $9,700  

We simply added the durable goods, services and the non-durable goods so that the consumption could be come

Hence, the consumption is $9,700

Therefore the same is to be considered

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2 years ago
Suppose that the price of basketball tickets at your college is determined by market forces. Currently, the demand and supply sc
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$8                             8,000                                        8,000

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$20                           2,000                                        8,000

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