Around 2010, nominal GDP in the U.S. was about $15 trillion….

Around 2010, nominal GDP in the U.S. was about $15 trillion. Using data provided (indirectly) in GLS, how many trillions of dollars was the value of the U.S. capital stock around 2010? Answer in trillions of dollars, with a number between 0 and 1000. Be within 10 (trillion dollars) of the right answer. [Aside: The value you’re calculating for this question is equipment investment, so it excludes the value of housing. FYI, physical housing in the U.S., ignoring the value of land in the U.S., is worth around $15 trillion.]

Nobel-winning Keynesian economist Paul Samuelson taught in h…

Nobel-winning Keynesian economist Paul Samuelson taught in his influential textbook that when a family gets an extra $1000 in income this year, this causes them to spend (on average) an extra $_____ on consumer goods that same year.  Answer with a number, but leave off the dollar sign. If you think the answer is $900, write 900.