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The purpose of your research is to understand National Income: trends, components, relationship between current account and economic growth. You must read Chapter 23-3. The
The purpose of your research is to understand National Income: trends, components, relationship between current account and economic growth. You must read Chapter 23-3. The Components of GDP, 23-3a. Consumption, 23-3b. Investment, 23-3c. Government Purchases, 23-3d. Net Exports. In your research, you must compare the GDP expenditures approach equation, with the components of the GDP = C + Ig + G + Xn for 6 countries, To do that you must visit the IMF website https://www.imf.org/en/Data , on the next page under "National Accounts and Price Statistics" click on "Gross Domestic Product". In the top menu, select one by one the six countries. Download in your computer the Excel attached above called National Accounts. Copy the last column of the IMF chart in the rows at the top. (You can click on the website on the "Export" link on the top menu, and copy the data). Once you have copied the data of the six countries in the Excel file, copy the bar graph into your essay. The bars reflect the components of the GDP equation: consumption, investments, government expenditure and net exports. The information you will obtain corresponds to the National Income equation: Y = C + I +
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