GDP: Calculate the values that will fill in the blanks in the shaded areas of the...
- GDP: Calculate the values that will fill in the blanks in the shaded areas of the table below (please note that you do not need to reproduce this table, just provide the values and identify them clearly):
| Brazil | Canada | France | Germany | India | Japan | Norway | UK | US | ||||||||||
| Consumption | 1303.9 | 956.2 | 1396.4 | 1952.0 | 1522.4 | 2704.4 | 177.9 | 1729.4 | 13321.4 | |||||||||
| investment | ? | ? | ? | ? | ? | ? | ? | ? | ? | |||||||||
| business fixed investment | 321.4 | 375.1 | 582.1 | 753.5 | 772.6 | 1169.5 | 99.7 | 451.8 | 3985.7 | |||||||||
| changes in inventories | -2.7 | 13.5 | 23.7 | -11.4 | 16.4 | -2.3 | 12.8 | 4.0 | 25.5 | |||||||||
| government | 412.1 | 341.2 | 608.7 | 719.9 | 293.1 | 956.4 | 96.4 | 479.7 | 2731.2 | |||||||||
| net exports | ? | ? | ? | ? | ? | ? | ? | ? | ? | |||||||||
| exports | 258.3 | 511.4 | 797.5 | 1737.6 | 490.5 | 860.2 | 144.7 | 795.1 | 2350.2 | |||||||||
| imports | 237.4 | 550.3 | 826.0 | 1458.3 | 567.3 | 815.8 | 132.1 | 824.3 | 2928.6 | |||||||||
| GDP | ? | ? | ? | ? | ? | ? | ? | ? | ? |
*It wouldn't let me shade the table so I put question marks for all the missing numbers*
- 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? ____________________________________
- Suppose that one of the countries in the table above 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. How would you respond?
- Economic growth: Based on information from the World Bank, in 2018, GDP per capita was $62,641.0 in the United States and $77,449.7 in Ireland – very similar values (and relatively high values compared to many countries). But, the annual rate of GDP growth averages 2.2% in the United States and 5.6% in Ireland.
Would you predict the United States or Ireland to have a more rapid increase in the standard of living in the long run? _________________
Homework Answers
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for anything. I been struggling with 2 days and its really
confusing. Its only one queshtion but has 2 parts I need to shift
the curves in the graph and answer the question down but its really
tricky. Can anyone help me. This was the only way I can post it. It
starts from where it says IT STARTS HERE.
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