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To calculate the values for the blanks in the shaded areas of the table, we can use the expenditure approach to GDP. The formula for
To calculate the values for the blanks in the shaded areas of the table, we can use the expenditure approach to GDP. The formula for calculating GDP using the expenditure approach is: GDP = Household consumption Government expenditure Gross fixed investments Changes in inventories Net exports Let's calculate the missing values step by step: Gross fixed investments (A, B, C, D, E, F, G, H): Australia (A): 316.9 Canada (B): 377.7 Denmark (C): 80.0 Finland (D): 65.3 India (E): 722.0 Japan (F): 1,279.5 New Zealand (G): 47.7 UK (H): 474.1 US: Gross fixed investments (ZZ): 4,478. Changes in inventories (14.7, 10.6, -11.3): Australia: 4.3 Canada: 14.7 Denmark: 1.6 Finland: 0.5 India: 97.0 Japan: 10.6 New Zealand: -0.5 UK: -11.3 US: Changes in inventories (59.6) Net exports (J,K, M, N, P, Q, R): Australia : Exports (315.2) - Imports (254.7) = 60.5. Canada (M): Exports (476.0) - Imports (509.8) = -33.8 Denmark : Exports (195.4) - Imports (172.5) = 22.9 Finland : Exports (97.6) - Imports (96.7) = 0.9 India : Exports (497.3) - Imports (511.8) = -14.5 Japan : Exports (785.4) - Imports (786.2) = -0.8 New Zealand: Net exports= (0.8) UK: Net export = (5.5) US: Net exports (ZZ)
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