London Mcguire

Business

19 October, 15:18

The table below contains data for country A for the year 2010.

Household purchases of durable goods $1293

Household purchases of nondurable goods $1717

Household purchases of services $301

Household purchases of new housing $704

Purchases of capital equipment $310

Inventory changes $374

Purchases of new structures $611

Depreciation $117

Salaries of government workers $1422

Government expenditures on public works $553

Transfer payments $777

Foreign purchases of domestically produced goods $88

Domestic purchases of foreign goods $120

a. What was country A's GDP in 2010?

b. What was country A's consumption in 2010?