1. a. Write the components of GDP (from the table) according to the expenditure method. 1. b. By using the expenditure method, calculate GDP for years 2018 and 2019. 1. c. Explain “Changes in inventories”. If a demand shock occurs in the economy and the demand falls drastically when prices are flexible, how would “Changes in inventories” account respond this? Why? Country Name Year Exports Consumption Investment Net Exports Government Expenditure Imports Cambodia 2018 61.315 75.209 23.341 -1.699 4.904 63.014 Cambodia 2019 67.209 81.655 26.660 -1.512 5.288 68.721

1. a. Write the components of GDP (from the table) according to the expenditure method. 1. b. By using the expenditure method, calculate GDP for years 2018 and 2019. 1. c. Explain “Changes in inventories”. If a demand shock occurs in the economy and the demand falls drastically when prices are flexible, how would “Changes in inventories” account respond this? Why? Country Name Year Exports Consumption Investment Net Exports Government Expenditure Imports Cambodia 2018 61.315 75.209 23.341 -1.699 4.904 63.014 Cambodia 2019 67.209 81.655 26.660 -1.512 5.288 68.721

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 7P

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Country Name	Year	Exports	Consumption	Investment	Net Exports	Government Expenditure	Imports
Cambodia	2018	61.315	75.209	23.341	-1.699	4.904	63.014
Cambodia	2019	67.209	81.655	26.660	-1.512	5.288	68.721