Use the data to calculate nominal Canadian GDP using the spending approach for both 2016 and 2017. 2016 (billions of $) 2017 (billions of $) Consumption $12,800 $13,300 Investment $3,200 $3,400 Exports $2,200 $2,400 Imports $2,700 $2,900 Government Spending $3,300 $3,400
Use the data to calculate nominal Canadian GDP using the spending approach for both 2016 and 2017. 2016 (billions of $) 2017 (billions of $) Consumption $12,800 $13,300 Investment $3,200 $3,400 Exports $2,200 $2,400 Imports $2,700 $2,900 Government Spending $3,300 $3,400
Principles of Economics 2e
2nd Edition
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:Steven A. Greenlaw; David Shapiro
Chapter19: The Macroeconomic Perspective
Section: Chapter Questions
Problem 12RQ: What are the main components of measuring GDP with what is produced?
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Use the data to calculate nominal Canadian GDP using the spending approach for both 2016 and 2017.
2016 (billions of $) |
2017 (billions of $) |
|
Consumption |
$12,800 |
$13,300 |
Investment |
$3,200 |
$3,400 |
Exports |
$2,200 |
$2,400 |
Imports |
$2,700 |
$2,900 |
Government Spending |
$3,300 |
$3,400 |
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