this should be legal, my last post here got closed and I don't understand why? I read the rules and nothing here is against the rules at all.

I have written the possible answers off in parentheses, please highlight the correct answer or underline it. I will pay 20fg for each correct answer inside of the answer because there are a lot of answers. the first question has 4 answers that need to be figure out the 2nd one has 5 and the 3rd one has 13.

A.
personal consumption expenditures $9224.5
gross private domestic investment $2209.2
exports $1467.6
imports $2229.6
net exports of goods and services ( need to figure this out ) its either (a. 762, b. -762, c. 3697.2, d. 741.6)
government consumption expenderitures $2523.0
GDP ( need to figure this out ) its either (a. 13194.7, b. 10985.5, c. 13956.7, d. 11433.7)

the method of calculating GDP, which involves summing the ( amount spent on final goods and services, or value added at each stage of production ), is called the ( income, or expenditure ) approach


B.

identify whether it is included in the calculation of US GDP as part of consumption(C), investment(I), government purchases(G), exports(X) or imports (M) please make if more than one applies, as more than one do apply to some of them

Stan buys a new set of tools to use in his plumbing business (C,I,G,X,M)
Ana gets a haircut (C,I,G,X,M)
the federal aviation administration expands the runways at Philadelphia international airport, which is just a few miles from Brian and Ana's house. (C,I,G,X,M)
Brian's employer assigns him to provide consulting services to an Australian firm that's opening a manufacturing facility in China (C,I,G,X,M)
Brian buys a bottle of Italian wine (C,I,G,X,M)

C. please highlight the correct A for each of the following. whether it is expenditure or income approach. Make the selection in the expenditure approach column for each account that is used to derive GDP under the expenditure approach. then make the selection in the income approach column for each account that is used to derive GDP under the income approach.

the left A is for expenditure approach and the right A is for income approach

($ in billions) expenditure approach income approach
fixed investement $2,163 A A
net interest $509 A A
government consumption and gross investements $2,528 A A
services $5,484 A A
durable goods $1,070 A A
employe compensation $8,513 A A
rents $77 A A
profits $1,616 A A
inventories $50 A A
nondurable goods $2,715 A A
imports $1,000 A A
indirect business taxes $975 A A
exports $237 A A

This post was edited by blitzlp on Sep 14 2013 08:06pm