Question

Question 1

Table 1

The table below contains data for country A for the year 2017.

Household purchases of durable goods	$120,500
Household purchases of non-durable goods	$140,000
Purchase of a new house	$300,100
Purchases of capital equipment	$453,200
Salaries of government workers	$200,100
Local government expenditure on roads and bridges	$500,200
Domestic purchases of foreign goods	$130,000
Foreign purchases of domestically produced goods	$91,000

1. Refer to Table 1. What was Country A’s GDP in 2017?

2. Refer to Table 1. What was Country A’s consumption in 2017?

3. Refer to Table 1. What was Country A’s investment in 2017?

4. Refer to Table 1. What was Country A’s government purchases in 2017?

5. Refer to Table 1. What was Country A’s net exports in 2017?

Answer 1