1. Business
  2. Economics
  3. the following table shows the composition of gdp in 2015...

Question: the following table shows the composition of gdp in 2015...

Question details

The following table shows the composition of GDP in 2015 for a hypothetical country. Complete the table by recording values for GDP, residential investment, and net exports. (Enter your responses as integers and use minus signs if necessary.) The Composition of GDP, 2015 Billions of Dollars GDP (Y) 1Consumption (C) 12,379 2,532 1,794 2 Investment () Nonresidential Residential 3 Government spending (G) 3,419 4 Net exports a trade deficit a trade surplus foreign debt Exports (X) Imports (IM) 2,050 2,642 5 Inventory investment The negative value for net exports means that the country has Since inventory investment is negative, we know that in 2015 the countrys production of goods and services was Vits sales of goods and services greater than less than equal to

Solution by an expert tutor
Blurred Solution
This question has been solved
Subscribe to see this solution