The table lists some national accounts data for the United States in 2008 Calculate U.S GDP in 2008. Explain the approach (expenditure or income)that you used to calculate GDP. Item Billions of Dollars Wages Paid to labor 8,000 Consumption expenditure 10,000 Net operation surplus 3,200 Investment 2,000 Government expenditure 2,800 Net exports -700 Depreciation 1,800

Analysis of the Data The following data is taken from The Economic Report to the President 2018. It comes out once a year in April (I think). You should take a look at one just for kicks. Here are the data:   2007 2017   GDP (Y) $14.47 trill $19.38 trill C $9.75 trill $13.39 trill I $2.60 tril $3.19 trill     Given the data in the table above, what is the rate of economic growth for the U.S. economy from 2007 to 2017?             Is the rate of growth in consumption and investment spending similar to the rate of growth for the overall economic system from 2007 to 2017? Provide mathematical proof.                   The GDP for China was $12.14 trill. in 2017; $13.61trill in 2018; and $14.14 trill in 2019. World experts have noted that the rate of growth for China has slowed. Calculate the rates of growth for each of the two years. Are the experts correct? Why?                   According to the International Organization of Motor Vehicle Manufacturing (IOMVM), South…

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GDP 1. Calculate the values for the blanks in the shaded areas of the table below: Expenditure Components of GDP by Country, 2020 (83Son of current US dollars) Australia Canada Denmark Finland Japan India 1617 137.9 873 65.9 C E FOOD 80.0 65.3 16 0.5 L M N 195.4 97.G 1725 96.7 Household consumption Government expenditure Investments Gross fixed Investments Changes in inventories Net Exports Exports Imports A: ÄÜÄ÷ B: C: D: E: F: G: H: I: J: 746.5 K: L: 297.2 A 316.9 4.3 3152 254.7 943.7 371.8 B 377.7 (147) K 476.0 509.8 M: N: 0: P: 1,591.7 Q: R: 292.1 722.0 97.0 4973 $11.3 કીડી || T: 2.700.7 Y: 1,066.4 1,279.5 106 785.4 786.2 New Zealand UK 122.0 43.7 G 47.3 (p.s) P 46A GDP S U W Y Source: GOP by Type of Expenditure at current prices-US dollars, Retrieved 7/27/2022. National Accounts Estimates of Main Aggregates United Nations feste Division 472 Z: ZZ: 1,683.7 2. Based on the information in the table and your calculations for Question #1: Do any countries have positive net exports?…

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Measure GDP and NDP from the following data Consumption Expenditure              $ 28,500 Government Expenditure               $ 21,000 Investment Expenditure                 $ 18,000 Exports                                            $ 7,500 Imports                                           $ 8,700 Depreciations                                  $ 1,400 Retained Earnings                          $ 1,100 Indirect Business Taxes                  $ 1,000