Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Can you help with the following? I am stuck Q1 2021 - Billions of Dollars Q1 2021 - Billions of Chained (2012) Dollars Gross Domestic

Can you help with the following? I am stuck

Q1 2021 - Billions of Dollars

Q1 2021 - Billions of Chained (2012) Dollars

Gross Domestic Product

22,061.0 (Q1)

19,088.1 (Q1 - Chained)

Personal Consumption Expenditures

15,069.2 (Q1)

13,352.2 (Q1 chained)

Gross Private Domestic Investment

3,906.8 (Q1)

3,497.5 (q1 chained)

Net Exports of Goods and Services

-861.5 (q1)

-1,193.9(q1 chained)

Government Consumption Expenditures and Gross Investment

3,946.5 (q1)

3,367.1 (q1 chained)

Calculate the percentage (the proportion) of each category in nominal GDP and in real GDP.

Using Nominal GDP:

[Personal consumption expenditures / Nominal GDP]*100%

[Gross private domestic investment / Nominal GDP]*100%

[Net exports of goods and services / Nominal GDP]*100%

[Government consumption expenditures and gross investment/ Nominal GDP]*100%

And using Real GDP:

[Personal consumption expenditures / Real GDP]*100%

[Gross private domestic investment / Real]*100%

[Net exports of goods and services / Real GDP]*100%

[Government consumption expenditures and gross investment/ Real GDP]*100%

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Essentials Of Business Law

Authors: Jeffrey F Beatty, Susan S Samuelson

3rd Edition

0324537123, 9780324537123

More Books

Students also viewed these Economics questions

Question

preparing for and completing job interviews and considering offers.

Answered: 1 week ago

Question

The background knowledge of the interpreter

Answered: 1 week ago