THE MIX PUT IN 1900 THE MIX Government 10% Manufacturing 22% Construction and Farming 2% mining 6% Government 18% Services 22% Farming 37% Manufacturing 20% Services 54% Construction and mining 9% Source: U.S. Departments of Commerce and Labor. According to the figure, a. Between 1900 and 2000, the quantity of manufactured output b. By how much (in percentage terms)? Hint: Assume that total output in 1900 = $100. (Use the percentage change formula = [(new value - original value)/original value]*100.) c. During that time, the manufacturing share of GDP
THE MIX PUT IN 1900 THE MIX Government 10% Manufacturing 22% Construction and Farming 2% mining 6% Government 18% Services 22% Farming 37% Manufacturing 20% Services 54% Construction and mining 9% Source: U.S. Departments of Commerce and Labor. According to the figure, a. Between 1900 and 2000, the quantity of manufactured output b. By how much (in percentage terms)? Hint: Assume that total output in 1900 = $100. (Use the percentage change formula = [(new value - original value)/original value]*100.) c. During that time, the manufacturing share of GDP
Chapter1: Making Economics Decisions
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![THE MIX OF OUTPUT IN 1900
THE MIX OF OUTPUT IN 2000
Government 10%
Manufacturing 22%
Construction and
Farming 2%
mining 6%
Government 18%
Services 22%
Farming 37%
Manufacturing 20%
Services 54%
Construction and
mining 9%
Source: U.S. Departments of Commerce and Labor.
According to the figure,
a. Between 1900 and 2000, the quantity of manufactured output
b. By how much (in percentage terms)?
Hint: Assume that total output in 1900 = $100.
(Use the percentage change formula = [(new value - original value)/original
value]*100.)
c. During that time, the manufacturing share of GDP](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F4310c92e-bcd2-4ba6-8047-b0a5242a83fc%2Ffbb0ce04-3172-42bf-83f8-8ff8c95fe284%2Fp1vg46h_processed.jpeg&w=3840&q=75)
Transcribed Image Text:THE MIX OF OUTPUT IN 1900
THE MIX OF OUTPUT IN 2000
Government 10%
Manufacturing 22%
Construction and
Farming 2%
mining 6%
Government 18%
Services 22%
Farming 37%
Manufacturing 20%
Services 54%
Construction and
mining 9%
Source: U.S. Departments of Commerce and Labor.
According to the figure,
a. Between 1900 and 2000, the quantity of manufactured output
b. By how much (in percentage terms)?
Hint: Assume that total output in 1900 = $100.
(Use the percentage change formula = [(new value - original value)/original
value]*100.)
c. During that time, the manufacturing share of GDP
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