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Question 1: Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2020. (10 Marks) Items Prices (in million) Household purchases of durable goods SR 2295 Household purchases of nondurable goods SR 2727 Household purchases of services SR 605 Household purchases of new housing SR 1450 Firm purchases of capital equipment SR 630 Firm purchases of new structures SR 1240 Salaries of government employees SR 2828 Government expenditures on public works SR 1065 Transfer payments SR 2130 Foreign purchases of domestically produced goods and services SR 165 Domestic purchases of foreign produced goods and services SR 320 a. What was Saudi Arabia's consumption expenditures in 2020? b. What was Saudi Government's expenditures in 2020? c. What was investment in Saudi Arabia in 2020? d. What was Saudi Arabia's exports and imports in 2020? e. What was the Saudi Arabia's net exports in 2020? f. What was the Saudi Arabia's GDP in 2020Get Answers to Unlimited Questions
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