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In this assignment, you will examine GDP for different countries and the factors that lead to different rates of economic growth among countries and
In this assignment, you will examine GDP for different countries and the factors that lead to different rates of economic growth among countries and you will be asked for your economic advice. GDP Household consumption Government expenditure Investments Gross fixed Investments Changes in inventories 1. Calculate the values for the blanks in the shaded areas of the table below: Expenditure Components of GDP by Country, 2020 (Billion of current US dollars) Canada Denmark Finland India Japan Net Exports Exports Imports AHE A: B: C: D: E: F: Australia G: H: I: J: 746.5 297.2 A K: L: 316.9 4.3 315.2 254.7 943.7 371.8 B 377.7 (14,7) K 163.7 87.8 C L 80.0 195.4 1725 U 16 M: N: O: P: Q: R: 137.9 65.9 D M 65.3 0.5 1,591.7 292.1 E 97.6 96.7 722.0 97.0 N 497.3 511.8 476.0 509.8 T S V W X Y Z GDP Source: GDP by Type of Expenditure at current prices - US dollars, Retrieved 7/27/2022. National Accounts Estimates of Main Aggregates | United Nations Statistics Division S: T: 2,700.7 1,066.4 F 1,279.5 10.6 V: W: X: Y: 0 785.4 786.2 New Zealand UK 122.0 43.7 G 47.7 (0.5) P 46.4 47.2 1,683.7 615.9 Z: ZZ: H 474.1 (11.3) 9,705 765.0 US 14,047.6 3,078.0 I 4,478.9 (59.6) R 2,123.4 2,774.6 ZZ 2. Based on the information in the table and your calculations for Question #1: Do any countries have positive net exports? Which one(s)? Which country has the largest negative net exports? 3. Suppose that a country asks for your advice about trade. Policymakers in the country want information about the impact of trade on GDP and whether they should be concerned about negative (or positive) net exports. Using the information in the table above as your guide, what advice would you give?
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