Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator Value Compensation of employees 1200 Other taxes on production 32 Other subsidies on production Gross operating surplus 1100 Adjustments (taxes less subsidies on products) 17 Government expenditure 891 What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%; round to the third digit after the decimal point.)
Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator Value Compensation of employees 1200 Other taxes on production 32 Other subsidies on production Gross operating surplus 1100 Adjustments (taxes less subsidies on products) 17 Government expenditure 891 What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%; round to the third digit after the decimal point.)
Economics Today and Tomorrow, Student Edition
1st Edition
ISBN:9780078747663
Author:McGraw-Hill
Publisher:McGraw-Hill
Chapter13: Measuring The Economy's Performance
Section13.1: National Income Accounting
Problem 5R
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![Country X had the following values for its macroeconomic indicators (in EUR bn):
Indicator
Value
Compensation of employees
1200
Other taxes on production
32
Other subsidies on production
Gross operating surplus
1100
Adjustments (taxes less subsidies on products)
17
Government expenditure
891
What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%;
round to the third digit after the decimal point.)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fe9eeee8f-19ba-4963-88c1-e78624ea17dd%2Ff999e0f8-0c9f-4512-b829-0e154bf8e4d4%2F9pdjzg9_processed.png&w=3840&q=75)
Transcribed Image Text:Country X had the following values for its macroeconomic indicators (in EUR bn):
Indicator
Value
Compensation of employees
1200
Other taxes on production
32
Other subsidies on production
Gross operating surplus
1100
Adjustments (taxes less subsidies on products)
17
Government expenditure
891
What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%;
round to the third digit after the decimal point.)
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