13Business cycles are officially dated by: National Bureau of Economic Research,
ID: 1160320 • Letter: 1
Question
13Business cycles are officially dated by:
National Bureau of Economic Research, NBER.
Bureau of Economic Analysis, BEA.
Bureau of Labor Statistics, BLS.
none of the above.
14
Durable Goods Consumption Expenditures
$350
Nondurable Goods Consumption Expenditures
$1,000
Services Consumption Expenditures
$3,000
Business Fixed Investment
$1,500
Change in Inventories
-$100
Government Consumption Expenditures and Gross Investment
$2,000
Exports
$700
Imports
$1,000
Refer to the table shown here. What is the value of net exports or the trade balance?
$300.
-$300.
$1,700.
-$1,700.
15
Durable Goods Consumption Expenditures
$350
Nondurable Goods Consumption Expenditures
$1,000
Services Consumption Expenditures
$3,000
Business Fixed Investment
$1,500
Change in Inventories
-$100
Government Consumption Expenditures and Gross Investment
$2,000
Exports
$700
Imports
$1,000
Refer to the table shown here. What is the value of personal consumption expenditures?
$3,000.
$1,000.
$4,350.
$2,350.
National Bureau of Economic Research, NBER.
Bureau of Economic Analysis, BEA.
Bureau of Labor Statistics, BLS.
none of the above.
Explanation / Answer
13-NBER
14Net exports=exports-imports
Net exports=700-1000=-300
15.
Personal consumption expenditure=Consumption of durable+non durables+services
Personal consumption expenditure=350+1000+3000=4350
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