Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following table showing the nominal values, in billions of U.S. dollars, for the components of GDP in Country A, Country B, and Country

Consider the following table showing the nominal values, in billions of U.S. dollars, for the components of GDP in Country A, Country B, and Country C: Components of GDP Country A Country B Country C Consumption 102.6 132.4 116.1 Investment 22.8 25.2 33.3 Government 27.3 39.6 25.2 Exports 5.1 7.2 8:1 Imports 7.8 4.4 2.7 Total GDP 150 200 180 Which statement is correct? Select the best answer. Answer Keypad Keyboard Shortcuts O Consumption in Country A as a share of GDP is smaller than consumption in Country B as a share of GDP. Government expenditures as a share of GDP is greater in Country B than in Country C. Investment in Country A is nominally greater than the analogous indicator in Country B, but its share of GDP is smaller

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

Macroeconomics

Authors: Paul Krugman, Robin Wells

4th Edition

1464110379, 9781464110375

More Books

Students also viewed these Economics questions

Question

Demonstrate knowledge of the company/organization and the position.

Answered: 1 week ago