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Inflation rate w GDP deflator (12 months to 2022)
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- Refer to the table. What is net exports?Total income- $5731Household purchases of durable goods- $1108Household purchases of nondurable goods- $702Household purchases of non-education services- $203Household purchases of education services- $302Household purchases of new housing- $816Purchases of capital equipment- $333Inventory changes- $75Purchases of new structures- $267Depreciation- $401Local government spending on goods and services- $236State government spending on goods and services- $419Federal government spending on goods and services- $1182Transfer payments- $707Foreign purchases of domestically produced goods- $217Domestic purchases of foreign goods- $1291.$1062.-$883.$954.$88
- According to the quantity theory of money and prices, a 6% change in the money supply, holding other variables constant, leads toA.a 6% change in real GDP.B.a 6% change in the price level.C.a greater than 6% in real GDP.D.a 6% change in the interest rate.