What is the value of government spending component of gdp


Problem

The following table lists transactions occurring in a small country. Small Country Transactions Individuals spend $125,000 on goods and services. Families spend $3 million on new homes. Households buy $80,000 of stocks and bonds. Companies pay $400,000 in wages. Households and firms buy $50,000 worth of imported goods. The government issues $3 million worth of bonds. Firms spend $1.5 million on new buildings and equipment. Domestic companies sell $300,000 worth of product overseas. Families spend $750,000 on existing homes. The government spends $10 million on infrastructure improvements. Based on this list of transactions, what is the value of the Government Spending component of GDP for this small country?

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Macroeconomics: What is the value of government spending component of gdp
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