2015 2016 2017 Nominal GDP (in millions) Gross domestic product Personal consumption expenditures Gross private domestic investment Net exports of goods and services Exports Imports Government consumption expenditures and gross investment Q1 Q1 Q1 17,874.7 18,325.2 19,057.7 12,142.2 12,571.5 13,191.6 3,094.6 3,031.6 3,128.7 -538.2 -526.2 -582.8 2,295.6 2,878.4 2289 2,166.5 2,827.3 2,692.8 3,248.3 3,176.2 3,320.2 12. Calculate the percentage change in nominal GDP between 2015 Q1 and 2016 Q1. a. 4.0% b. 3.84% 2.46% d. 2.52%

2015 2016 2017 Nominal GDP (in millions) Gross domestic product Personal consumption expenditures Gross private domestic investment Net exports of goods and services Exports Imports Government consumption expenditures and gross investment Q1 Q1 Q1 17,874.7 18,325.2 19,057.7 12,142.2 12,571.5 13,191.6 3,094.6 3,031.6 3,128.7 -538.2 -526.2 -582.8 2,295.6 2,878.4 2289 2,166.5 2,827.3 2,692.8 3,248.3 3,176.2 3,320.2 12. Calculate the percentage change in nominal GDP between 2015 Q1 and 2016 Q1. a. 4.0% b. 3.84% 2.46% d. 2.52%

Economics:

10th Edition

ISBN:9781285859460

Author:BOYES, William

Publisher:BOYES, William

Chapter4: The Aggregate Economy

Section: Chapter Questions

Problem 6E

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