Ask Question
BusinessBusiness
27 January, 03:54

The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1130), personal consumption expenditures ($4800), imports ($370), exports ($240), and gross private domestic investment ($1150). Personal consumption expenditures are approximately what percentage of this economy?

+5
Answers (1)
  1. 27 January, 05:34
    0
    62.42%

    Explanation:

    The following are national income account data for a hypothetical economy in billions of dollars:

    government purchases ($1130),

    personal consumption expenditures ($4800),

    imports ($370),

    exports ($240),

    and gross private domestic investment ($1150).

    Personal consumption expenditures expressed as a percentage will be derived by dividing the amount of the expense by the total figure; and multiplying by 100:

    [4800 / (1130 + 4800 + 370 + 240 + 1150) ] x 100 = 62.42%
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1130), personal ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
On January 1, 2020, Tamarisk Corporation issued $700,000 of 9% bonds, due in 8 years. The bonds were issued for $740,784, and pay interest each July 1 and January 1. The effective-interest rate is 8%. Required: 1.
Answers (1)
During a period, Department A finished and transferred 50,000 units to Department B. Of the 50,000 units, 20,000 were one-fifth complete with respect to direct labor at the beginning of the period and 30,000 were started and completed during the
Answers (1)
What is internet auction?
Answers (1)
The original purchase price of a car is $25,000. each year, its value depreciates by 13%. three years after its purchase, what is the value of the car?
Answers (1)
What is the relationship between the gross public debt and the net public debt?
Answers (1)
New Questions in Business
Technical tool that provides users with the ability to study, control, and improve processes of all types is a:
Answers (1)
Johansen Corporation has a target capital structure of 60 percent common stock and 40 percent debt. Its cost of equity is 14 percent, and the cost of debt is 8 percent. The relevant tax rate is 30 percent. What is the company's WACC?
Answers (1)
On November 1, 2018, Aviation Training Corp. borrows $49,000 cash from Community Savings and Loan. Aviation Training signs a three-month, 6% note payable. Interest is payable at maturity. Aviation's year-end is December 31. Required: 1., 2. & 3.
Answers (1)
A stock's price is simply the current market price, and it is easily observed for publicly traded companies.
Answers (1)
Why is important to have a personal financial so important
Answers (1)
Home » Business » The following are national income account data for a hypothetical economy in billions of dollars: government purchases ($1130), personal consumption expenditures ($4800), imports ($370), exports ($240), and gross private domestic investment ($1150).
Sign Up Forgot Password?