From 2007 to 2009, calculate the percentage change in (Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.) a. real consumption. __% b. real investment. __ % c. real government spending.
From 2007 to 2009, calculate the percentage change in (Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.) a. real consumption. __% b. real investment. __ % c. real government spending.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Question
From 2007 to 2009, calculate the percentage change in
(Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.)
a. real consumption.
__%
b. real investment.
__ %
c. real government spending.
__ %
Transcribed Image Text:Year GDP
Personal
Consumption
Expenditures
(C)
(Billions of chain-weighted dollars, 2012 = 100)
1,380
1,300
1,277
1,305
1,431
1,533
1,676
1,822
1,925
1,764
1,978
2,119
2,191
2,270
2,365
2,375
2,382
2,476
2000 13,131
8,643
2001 13,262
8,861
2002 13,493
9,089
2003 13,879
9,378
2004 14,406
9,729
2005 14,913 10,076
2006 15,338 10,385
2007 15,626
10,615
2008 15,605
10,593
2009 15,209
10,460
2010 15,599
10,643
2011 15,841
10,844
2012
16, 197
11,007
2013 16,495
11,167
2014 16,912
11,497
2015 17,432
11,934
2016 17,731
12,265
2017 18,144
12,587
2018 18,688
2019 19,092
12,928
13,240
Gross Private
Domestic
Investment (1)
2,347
2,215
2,196
2,290
2,503
2,671
2,752
2,684
2,463
1,942
2,217
2,362
2,622
2,802
2,959
3,122
3,075
3,183
3,385
3,443
Export (X)
2,550
2,547
Imports
(M)
1,930
1,876
1,944
2,040
2,273
2,421
2,582
2,646
2,587
2,249
2,544
2,687
2,760
2,802
2,943
3,095
3,146
3,292
3,427
3,464
Government
Purchases (G)
2,663
2,762
2,885
2,947
2,993
3,016
3,064
3,119
3,196
3,307
3,307
3,203
3,137
3,061
3,033
3,088
3,144
3,172
3,230
3,304
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