Economics 12. Ms. Park. Next Presenters. Serena. Assignment: Handout #4. Consumption expenditures = $600 Exports = $75 Government purchases of goods and services= $200 Construction of new homes = $100 Imports = $50 Beginning of year inventory = $100 End of year inventory = $125
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Q: How much is Metrica's capital stock expanding or contracting in 2001?
= $78 billion
Christine’s income rises from $34,000 in 2012 to $35,000 in 2013. Inflation rate over the year is 6%.
a) What is Christine’s real income?
b) Explain whether following statement is true or false: Since Christine’s income rose, she has a higher standard of living.