The following table shows the data for a hypothetical economy in a specific year. All figures are in billions of dollars. Category Billions of Dollars Personal consumption expenditures $ 80 Purchases of stocks and bonds 30 Net exports
The following table shows the data for a hypothetical economy in a specific year. All figures are in billions of dollars. Category Billions of Dollars Personal consumption expenditures $ 80 Purchases of stocks and bonds 30 Net exports
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 1SCQ: Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment...
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Question
The following table shows the data for a hypothetical economy in a specific year. All figures are in billions of dollars.
Category | Billions of Dollars |
---|---|
Personal consumption expenditures | $ 80 |
Purchases of stocks and bonds | 30 |
Net exports | −10 |
Government purchases | 30 |
Sales of secondhand items | 8 |
Gross investment | 35 |
Instructions: Enter your answer as a whole number.
What is the country’s
$ billion
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