quarter and yearsQuarter12015Quarter2 Quarter3|Quarter4 Quarter1 Quarter2 Quarter3 Quarter4 Quarter1 Quarter2 Quarter3 Quarter42015Unit201520152016201620162016201720172017Description$ millionData Category and Component201727.74827.93831.87330.43526.15725.80629.33727.74827.93831.87330.435Agriculture$ milion32.14129.59828.07331.51433.48933.72732.68632.14129.59828.07331.514Mining and QuarryingManufacturing$ milion70.89274.94676.02077.94073.89977.68079.32470.89274.94676.02077.940$ milion7.5227.9778.0958.1167.9038.3188.6218.6418.3158.7389.1159.208Blectricity, Gas and Water$ million16.65916.04117.17916.67317.65516.97118.16616.65916.04117.17916.673ConstructionWholesale and Retal Trade,Accommodation and Restaurants$ mion51.26451.98456.30560.68755.18056.23260.97665.92060.72062.57867.43772.322Transport, Storage andCommunication$ milion25.16325.77226.53926.88727.28728.05928.59329.02629.63730.57031.18031.437Finance, Insurance, Real Estate andBusiness Services$ milion31.93932.17632.02233.92733.35933.76134.35636.05635.59236.31836.80538.919Other Services$ milion13.99714.38714.62814.71314.92415.28115.59915.65615.93816.29516.64816.712Government Services$ milion23.18123.94024.90527.75724.47325.14926.95729.64326.41026.99028.56930.906Less: ASDM undistributed$ millionPlus: Import duties$ milion3.1513.7473.6214.1804.1364.0483.9484.3984.6614.6794.7485.192QUESTIONCalculate the Gross Domestic Product at current prices for each quarter.Construct a graph for GDP at current prices, manufacturing and wholesale and retail trade, accom3. Briefly explain the event at quarter 4 2019 to quarter 4 2020.1.2.

Gross domestic product is the sum total of the money value of goods and services produced in an…

Answered: Gross Domestic Product at current…

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Economics

Gross Domestic Product at current prices for each quarter.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

quarter and years
Quarter1
2015
Quarter2 Quarter3|Quarter4 Quarter1 Quarter2 Quarter3 Quarter4 Quarter1 Quarter2 Quarter3 Quarter4
2015
Unit
2015
2015
2016
2016
2016
2016
2017
2017
2017
Description
$ million
Data Category and Component
2017
27.748
27.938
31.873
30.435
26.157
25.806
29.337
27.748
27.938
31.873
30.435
Agriculture
$ milion
32.141
29.598
28.073
31.514
33.489
33.727
32.686
32.141
29.598
28.073
31.514
Mining and Quarrying
Manufacturing
$ milion
70.892
74.946
76.020
77.940
73.899
77.680
79.324
70.892
74.946
76.020
77.940
$ milion
7.522
7.977
8.095
8.116
7.903
8.318
8.621
8.641
8.315
8.738
9.115
9.208
Blectricity, Gas and Water
$ million
16.659
16.041
17.179
16.673
17.655
16.971
18.166
16.659
16.041
17.179
16.673
Construction
Wholesale and Retal Trade,
Accommodation and Restaurants
$ mion
51.264
51.984
56.305
60.687
55.180
56.232
60.976
65.920
60.720
62.578
67.437
72.322
Transport, Storage and
Communication
$ milion
25.163
25.772
26.539
26.887
27.287
28.059
28.593
29.026
29.637
30.570
31.180
31.437
Finance, Insurance, Real Estate and
Business Services
$ milion
31.939
32.176
32.022
33.927
33.359
33.761
34.356
36.056
35.592
36.318
36.805
38.919
Other Services
$ milion
13.997
14.387
14.628
14.713
14.924
15.281
15.599
15.656
15.938
16.295
16.648
16.712
Government Services
$ milion
23.181
23.940
24.905
27.757
24.473
25.149
26.957
29.643
26.410
26.990
28.569
30.906
Less: ASDM undistributed
$ million
Plus: Import duties
$ milion
3.151
3.747
3.621
4.180
4.136
4.048
3.948
4.398
4.661
4.679
4.748
5.192
QUESTION
Calculate the Gross Domestic Product at current prices for each quarter.
Construct a graph for GDP at current prices, manufacturing and wholesale and retail trade, accom
3. Briefly explain the event at quarter 4 2019 to quarter 4 2020.
1.
2.

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