Ask Question
BusinessBusiness
9 February, 22:32

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?

+3
Answers (1)
  1. 9 February, 22:51
    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 the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Executive stock options should be reported as compensation expense:A. Using the intrinsic value method. B. Using the fair value method. C. Using either the fair value method or the intrinsic value method. D. Only on rare occasions.
Answers (1)
The 2008 balance sheet of Maria's Tennis Shop, Inc., showed long-term debt of $2.25 million, and the 2009 balance sheet showed long-term debt of $4 million. The 2009 income statement showed an interest expense of $330,000.
Answers (1)
According to Abraham Malsow, workers are motivated by
Answers (1)
Which term describes an enzyme
Answers (1)
In the production process, when the workers are stationary and a moving conveyor belt takes the product on to the next workstation so that it is assembled in a fixed sequence, this is known as
Answers (1)
New Questions in Business
The primary goals of inventory managers are to maintain a sufficient quantity of inventory to meet customers' needs, ensure inventory quality meets customers' expectations and company standards, and minimize the cost of acquiring and carrying an
Answers (1)
Stacy Hanes is an African-American woman who has recently taken her first job and does not seem to like the work environment at all, Her colleagues put down her ideas at team meetings and refer to them as "stupid.
Answers (1)
The owner of a bicycle repair shop forecasts revenues of $160,000 a year. Variable costs will be $50,000, and rental costs for the shop are $30,000 a year. Depreciation on the repair tools will be $10,000.
Answers (1)
Sagon Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of September.
Answers (1)
What is the alternate name for income tax return form1040?
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?