1. Calculate the values for the blanks in the shaded areas of the table below (identify your responses in a logical fashion in your document): Expenditure Components of GDP by Country, 2018 (billions of US dollars) Australia Canada Denmark Finland India Jаpan 1650.6 2763.3 US 1870.5 13998.7 New Zealand UK |Consumption 808.7 996.9 165.9 146.1 120.0 Investment 842.7 1202.5 11.2 981.6 Business fixed investment 336.9 385.1 78.8 65.6 49.1 487.3 4260.7 Changes in inventories 0.1 275.5 9.4 2.9 3.4 27.4 0.1 5.8 54.7 2904.3 Government 357.1 86.6 62.7 312.1 38.4 528.3 Net Exports Exports Imports 348.5 312.0 544.9 581.1 197.9 176.4 917.1 904.4 106.8 548.6 657.0 58.2 856.8 108.8 2510.2 3148.5 58.1 907.1 GDP Source: UNData, UN Statistics Division, data.un.org, GDP by Type of Expenditure at current prices – US dollars 2. 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? 3. Suppose that a country 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. Using the information in the table above as your guide, what advice would you give?

Dollars (trillions) 25 20 15- 10- 0 -5 11 Expenditure components of nominal GDP 1950 GDP (Y) Consumption (C) Investment (1) Government spending (G) Exports (X) Imports (M) 1960 Figure Data Notes 1970 198 1990 2000 2010 The following will refer to the data table in the chart above, to access the data table for this graph you will need to click on the data button at the bottom of the chart. In Q2 of 2008 which of the following were above 9 trillion dollars (annualized)? Select the two correct answers.

Using the following information for a U.S. state: Nominal GDP (millions) 1,151,119 1,879,520 2,350,807 3,701,354 Real GDP (millions 2009 $'s) 1,421,713 1,975,457 2,143,167 2,885,627 Population 32,987,911 36,020,878 38,792,459 39,029,342 Year 1998 2006 2014 2022 Note: time periods of interest are 1998-2006 & 2006-2014 a What is the average annual growth rate for this state during the time periods listed. b. What is the average annual inflation rate for this state during the time periods listed? c. To what extent are living standards likely changing in this economy? Explain and support your claim using data from the table above.

The following table shows data on personal consumption expenditures, gross private domestic investment, exports, imports, and government consumption expenditures and gross investment for the United States in 2007, as published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the following table to calculate GDP. Components   Personal Consumption Expenditures (CC) $9,734.2 Gross Private Domestic Investment (II) $2,125.4 Exports (XX) $1,643 Imports (MM) $2,351 Net exports of goods and services (X−MX−M)   Government Consumption Expenditures and Gross Investment (GG) $2,689.8 Gross domestic product (GDP)     This method of calculating GDP, which involves summing the       , is called the               approach.

+ Given below is the values of an ABC economy for the year 2020. COMPONENTS OF GDP Personal consumption expenditures (C) 10,100 Gross private domestic investment (1) 1,600 Government consumption and gross investment (G) Net exports (EX – IM) ? 300 Durable goods 1,000 Nondurable goods ? Services 6,800 Nonresidential 1,300 Residential ? Change in business inventories -100 Federal 1,100 State and local 1,700 Exports (EX) 1,900 Imports (IM) ? Gross domestic product 1. You are required to calculate GDP for the year 2020 for ABC economy using the expenditure method.

How do I/ Where can I find the relative size of each of the components (in absolute dollars and as a percentage of GDP) from the U.S. economy from the Bureau of economic analysis (BEA) website? (https://www.bea.gov/news/2023/gross-domestic-product-second-quarter-2023-second-estimate-and-corporate-profits) The four components that make up GDP are: Concumption, investments, governemnt spending and net exports

From the table below answer, the following questions in the spaces provided, consider the following data (in billion $) for a country in a particular year: (Personal consumption expenditure (C 1000 (Exports (x 120 (Government Purchases of goods and services (G 400 (Imports (m 110 Gross Domestic Product (Y) 4,500 (Taxes (T 200      5) What is the value of gross investment (I)? Answer 6) What is the amount of investment financed by national savings? Answer 7) What is the amount of investment financed by borrowing from or lending to the rest of the world? Answer

Based on the following table Private consumption expenditure (C) Gross private investment Expenditure (1) Government Expenditure (G) Exports (X) Imports (M) Net factor income from the rest of the world 5 Depreciation 150 Indirect Taxes 60 Subsidies 40 Transfer payments to households 10 35 Personal Income Taxes 30 Undistributed dividends 20 25 15. a) Find Net National Product

Consider the following national accounts data for Westeros: Westeros' National Accounts (2019) GDP Item (S billions) Corporate income 140 Еxports 50 Wages and salaries 550 Net international income to the rest of the 8 world Gross investment 160 Government purchases 184 Indirect taxes 75 Personal consumption 500 Imports 27 Depreciation 79 Proprietors' incomes and rents Which is the following is the income-based estimate of GDP for Westeros? 65 $909 billion $751 billion $558 billion $939 billion

Find the last year GDP data and the personal consumption expenditure data (in billions) for the US economy. Section 1: Domestic Product and Income