Examine the table below. Components of GDP on the Supply Side Year 1 (billions of dollars) Year 10 (billions of dollars) Durable goods 205 226 Nondurable goods 165 206 Services 830 1,191 Structures 114 126 Change in inventories 3 Determine the increase in services as a part of GDP in percentage points. Enter your answer in the box below, and throughout your calculations, round to one decimal place if necessary.

Examine the table below. Components of GDP on the Supply Side Year 1 (billions of dollars) Year 10 (billions of dollars) Durable goods 205 226 Nondurable goods 165 206 Services 830 1,191 Structures 114 126 Change in inventories 3 Determine the increase in services as a part of GDP in percentage points. Enter your answer in the box below, and throughout your calculations, round to one decimal place if necessary.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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