Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

In 2016, a country had an investment expenditure of$48 billion, which accounted for12% ofGDP. In the same year, services accounted for47%ofGDP. What was the percentage

In 2016, a country had an investment expenditure of$48 billion, which accounted for12% ofGDP. In the same year, services accounted for47%ofGDP. What was the percentage share of services inGDPin 2017 if the nominal value of services increased by

$13billion, while theGDPamount remained the same? Throughout your calculations, round to the nearest whole number if necessary.

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

Business Its Legal Ethical and Global Environment

Authors: Marianne M. Jennings

11th edition

1337103578, 978-1337514392, 133751439X, 978-0357690130, 978-1337103572

More Books

Students also viewed these Economics questions