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Please help. Refer to data and reference the expenditure equation. The two countries you are studying this semester have probably suffered in the 2008-09 global

Please help. Refer to data and reference the expenditure equation.

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The two countries you are studying this semester have probably suffered in the 2008-09 global economic crisis. 1) (10 pts) What component(s) of the expenditure equation in each country were the main responsible for the reduction in GDP or in GDP growth as a result of the global crisis? Exports of goods and Government Capital Household Country Code Continent Year services as spending as investment as consumption as percent of percent of GDP percent of GDP percent of GDP GDP India IND AS 2008 24.10 10.54 37.85 56.68 India IND AS 2009 20.40 11.46 40.11 55.96 Mexico MEX NA 2008 27.70 10.73 24.11 66.93 Mexico MEX NA 2009 27.15 11.92 22.89 65.83 E = C+I+ G + NX Consumption (C): The household consumption over a period of time. . Investment (1): The amount of expenditure towards the capital goods. . Government expenditure (G): The amount of spending by federal, state, and local governments. Government expenditure can include infrastructure or transfers which increase the total expenditure in the economy. . Net exports (NX): Total exports minus the total imports Hint: make sure to use actual data to back your answer; in order to establish that one category of expenditures was more affected than the others, you must show data for use data for the other categories as well; download data in real terms or in percentage of GDP

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