I need help figuring out the percentage of this question. I have put the number for personal
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Question:
I need help figuring out the percentage of this question. I have put the number for personal consumption expenditures and the nominal GDP below from a GDP table and I am coming up with 0.68% and I want to know if that is correct. if 0.68% is incorrect can you explain how to find the correct percent.
b)Calculate the percentage (the proportion) in nominal GDP.
Using Nominal GDP:
[Personal consumption expenditures / Nominal GDP]*100%
16,335.5 24,008.5
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