From 2007 to 2009, calculate the percentage change in (Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.) a. real consumption. __% b. real investment. __ % c. real government spending.
From 2007 to 2009, calculate the percentage change in (Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.) a. real consumption. __% b. real investment. __ % c. real government spending.
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter5: Business And Economic Forecasting
Section: Chapter Questions
Problem 1.1CE
Related questions
Question
From 2007 to 2009, calculate the percentage change in
(Enter your responses as a percentage rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (−) in front of those numbers.)
a. real consumption.
__%
b. real investment.
__ %
c. real government spending.
__ %
Transcribed Image Text:Year GDP
Personal
Consumption
Expenditures
(C)
(Billions of chain-weighted dollars, 2012 = 100)
1,380
1,300
1,277
1,305
1,431
1,533
1,676
1,822
1,925
1,764
1,978
2,119
2,191
2,270
2,365
2,375
2,382
2,476
2000 13,131
8,643
2001 13,262
8,861
2002 13,493
9,089
2003 13,879
9,378
2004 14,406
9,729
2005 14,913 10,076
2006 15,338 10,385
2007 15,626
10,615
2008 15,605
10,593
2009 15,209
10,460
2010 15,599
10,643
2011 15,841
10,844
2012
16, 197
11,007
2013 16,495
11,167
2014 16,912
11,497
2015 17,432
11,934
2016 17,731
12,265
2017 18,144
12,587
2018 18,688
2019 19,092
12,928
13,240
Gross Private
Domestic
Investment (1)
2,347
2,215
2,196
2,290
2,503
2,671
2,752
2,684
2,463
1,942
2,217
2,362
2,622
2,802
2,959
3,122
3,075
3,183
3,385
3,443
Export (X)
2,550
2,547
Imports
(M)
1,930
1,876
1,944
2,040
2,273
2,421
2,582
2,646
2,587
2,249
2,544
2,687
2,760
2,802
2,943
3,095
3,146
3,292
3,427
3,464
Government
Purchases (G)
2,663
2,762
2,885
2,947
2,993
3,016
3,064
3,119
3,196
3,307
3,307
3,203
3,137
3,061
3,033
3,088
3,144
3,172
3,230
3,304
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Managerial Economics: Applications, Strategies an…
Economics
ISBN:
9781305506381
Author:
James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:
Cengage Learning
Principles of Economics 2e
Economics
ISBN:
9781947172364
Author:
Steven A. Greenlaw; David Shapiro
Publisher:
OpenStax
Essentials of Economics (MindTap Course List)
Economics
ISBN:
9781337091992
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Brief Principles of Macroeconomics (MindTap Cours…
Economics
ISBN:
9781337091985
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning