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Unformatted text preview: +600 Exports +75 Government purchases +200 Construction of new homes & apartments = investment +100 Sales of existing homes… Doesn’t apply to GDP Imports-50 Increase in stocks = 125-100 = investment +25 Business fixed investment = investment +100 Government payment to retirees Doesn’t apply to GDP Household purchases of durable goods Already accounted for in category of total consumer expenditures TOTAL GDP $1050 6. Real GDP Nominal GDP 2000 $8,500 $8,500 2007 $7,825 $8,625...
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This note was uploaded on 04/10/2008 for the course ECON 2 taught by Professor Rupert during the Spring '08 term at UCSB.
- Spring '08