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Table 23-2The 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 Refer to Table 23-2. What were country A’s exports in 2010?

A U.S. firm produces nail guns in the first quarter of 2010 and adds them to its inventory. In the second quarter of 2010 the firm sells the nail guns to a U.S. construction company. In which quarter(s) is (are) GDP higher?

Exhibit 2-3 Point f in Exhibit 2-3 represents

In one week, Terry can plant 18 trees or mow 30 lawns. In one week, Bob can plant 10 trees or mow 20 lawns. In this example,      

Assume that black beans and rice are staples in the diet of one particular family. How could you tell if these goods were complements, substitutes, or unrelated goods?

Buyers are able to buy all they want to buy and sellers are able to sell all they want to sell at

Although freshwater is very abundant in most places, it is scarce because:

**During the recession phase of a business cycle:  

Prestige Worldwide is expected to pay $1.03 in dividends next year. The company just paid dividends of $1. If the growth rate is expected to continue, how much should be paid for Prestige Worldwide stock just after the dividend if the appropriate discount rate is 5%.

Which of the following amounts is closest to the value of a bond that pays $55 semiannually and has a semiannual interest rate of 5%?  The face value is $1,000 and the bond matures in 3 years. There are exactly six months before the first interest payment.