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An economy produces 1,000,000 computers valued at $2,000 each. Households purchase 200,000 computers, of which 100,000 are imported. Businesses purchase 300,000 domestically produced computers, the government purchases 300,000 domestically produced computers, and 100,000 domestically produced computers are sold abroad. At the end of the year, the computer manufacturers hold the unsold computers in inventory. What is the value of the investment component of GDP?

Respuesta :

Answer:

$800 million

Explanation:

GDP = consumption (C) + investment (I) + government spending (G) + Net Export (NX)

Y = C + I + G + NX

The number of computers left is

= 1,000,000 - 200,000 (household) - 300,000 (businesses) - 300,000 (government) - 100,000 (Foreign)

= 100,000

This worth 100,000 × $2,000 = 200 million

                  300,000 computers × $2,000 = 600 million

Total of these two = 200 + 600 million

                              = 800 million

Therefore, the value of the investment component of GDP is $800 million.

The investment component of gross domestic product is $1 billion.

What is the investment component of gross domestic product ?

The investment component of gross domestic product includes the purchase of goods and services by businesses. The items purchased are used  in the production of goods and services.

Investment = GDP - domestically purchased computers - computers purchased by the government - export + import

1,000,000 - 100,000 - 300,000 + 100,000 = 500,000

500,000 x $2000 = $1 billion

To learn more about GDP, please check: https://brainly.com/question/15225458

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