3. Consider the following table showing the breakdown of GDP (in billions) for China.GDP CategoryWages and SalariesConsumptionInvestmentDepreciationGovernmentAmount (in billions)1000170070050100ExpenditureТахes300ЕxportsImportsIncome receipts fromrest of the worldIncome payment to rest50401050of the worldWhat are net exports for China?4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?

GDP is the sum total of all the goods and services produced within the geographical borders of the…

3. Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Wages and Salaries Consumption Investment Amount (in billions) 1000 1700 700 Depreciation Government 50 100 Expenditure Тахes Еxports Imports Income receipts from rest of the world Income payment to rest of the world 300 50 40 10 50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)

3. Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Wages and Salaries Consumption Investment Amount (in billions) 1000 1700 700 Depreciation Government 50 100 Expenditure Тахes Еxports Imports Income receipts from rest of the world Income payment to rest of the world 300 50 40 10 50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)

ENGR.ECONOMIC ANALYSIS

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ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

3. Consider the following table showing the breakdown of GDP (in billions) for China.
GDP Category
Wages and Salaries
Consumption
Investment
Depreciation
Government
Amount (in billions)
1000
1700
700
50
100
Expenditure
Тахes
300
Еxports
Imports
Income receipts from
rest of the world
Income payment to rest
50
40
10
50
of the world
What are net exports for China?
4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)
What is the growth rate of GDP in Japan?

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