Question
Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator(left) and Value(right). What is the share of government expenditure in GDP?
Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator(left) and Value(right). What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%; round to the third digit after the decimal point.)
Compensation of employees | 1200 |
Other taxes on production | 32 |
Other subsidies on production | 5 |
Gross operating surplus | 1100 |
Adjustments (taxes less subsidies on products) | 17 |
Government expenditure | 891 |
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