c. The percentage of GDP accounted for by each of the sectors is interpreted as the value-added in each sector. It is the dollar amount that is sold in each sector minus the cost of materials. What is the value-added in each of the sectors for France and Thailand for 2018? Round answers to one place after the decimal where necessary. Value-added in agriculture for France: $ billion Value-added in industry for France: $ billion Value-added in service for France: $ billion Value-added in agriculture for Thailand: $ billion Value-added in industry for Thailand: $ billion Value-added in service for Thailand: $ billion

Exploring Economics
8th Edition
ISBN:9781544336329
Author:Robert L. Sexton
Publisher:Robert L. Sexton
Chapter20: Economic Growth In The Global Economy
Section: Chapter Questions
Problem 2P
Question

Do not use chatgpt.

c. The percentage of GDP accounted for by each of the sectors is interpreted as the value-added in each sector. It is the dollar
amount that is sold in each sector minus the cost of materials. What is the value-added in each of the sectors for France and
Thailand for 2018?
Round answers to one place after the decimal where necessary.
Value-added in agriculture for France: $
billion
Value-added in industry for France: $
billion
Value-added in service for France: $
billion
Value-added in agriculture for Thailand: $
billion
Value-added in industry for Thailand: $
billion
Value-added in service for Thailand: $
billion
Transcribed Image Text:c. The percentage of GDP accounted for by each of the sectors is interpreted as the value-added in each sector. It is the dollar amount that is sold in each sector minus the cost of materials. What is the value-added in each of the sectors for France and Thailand for 2018? Round answers to one place after the decimal where necessary. Value-added in agriculture for France: $ billion Value-added in industry for France: $ billion Value-added in service for France: $ billion Value-added in agriculture for Thailand: $ billion Value-added in industry for Thailand: $ billion Value-added in service for Thailand: $ billion
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Exploring Economics
Exploring Economics
Economics
ISBN:
9781544336329
Author:
Robert L. Sexton
Publisher:
SAGE Publications, Inc
Principles of Economics 2e
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Economics:
Economics:
Economics
ISBN:
9781285859460
Author:
BOYES, William
Publisher:
Cengage Learning
Essentials of Economics (MindTap Course List)
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning