Homework Help is Here – Start Your Trial Now!
Business
Economics
Using the table above, please compute the following 1. aggregate expenditure totals and the missing items 2. Gross Domestic Product (GDP) for each year 3. compute for the growth rate between 2016 and 2020

Using the table above, please compute the following 1. aggregate expenditure totals and the missing items 2. Gross Domestic Product (GDP) for each year 3. compute for the growth rate between 2016 and 2020

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question

Answer the following with complete solutions please

TYPE OF EXPENDITURE Personal consumption Expenditures Goods Durable goods Non-durable goods GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES FROM YEAR 2016 TO YEAR 2020 AT CONSTANT 2015 PRICE, IN BILLION PESOS Services Gross private domestic investment Fleed investment Non-residential Structures Equipment and software Residential Change in private inventories Net exports of goods and servics Exports Goods Services Imports Goods Services Government consumption expenditures and fross Investment Federal National Defense Non deferse State and Local 2016 ? 1.025.20 2.172.40 6.790.00 1.317.23 1.442.00 533.10 909.50 374.63 127.40- 1,500.30 989.50 519.80 ? 1,508.20 379.60 1,106.70 ? 356.00 1.772.30 2017 3.193.70 3.292.30 1,011.50 1.051.30 ? 2.241.00 6.805.60 6.840.60 1.537.70 ? 1.191.80 1.353.80 ? 697.00 345.90 176.20 1,493.70 ? 2018 515.60 512.80 141.10 371.70 Using the table above, please compute the following 1. aggregate expenditure totals and the missing items 2. Gross Domestic Product (GDP) for each year 3. compute for the growth rate between 2016 and 2020 457.90 895.00 358.80 156.50- 2019 1.975.90 ? 383.10 3.337.10 ? 2.285.10 6.899.30 1,731.40 1.366.90 434.10 ? 164.50 23.00 1.573.70 1,680.20 1.045.20 1,140.60 528.50 539.60 2,129.70 1,739.40 ? 2020 ? 1.072.80 2.333.80 6.955.80 1,726.90 1.371.40 417.50 953.90 355.50 36.90 1,729.30 1.180.00 549.30 ? 1.827.80 400.90 1.138.30 ? 1.170.20 1.186.30 776.20 795.80 793.50 362.10 368.50 376.70 380.70 1.791.20 1.791.10 1.789.00 1.788.30
Transcribed Image Text:TYPE OF EXPENDITURE Personal consumption Expenditures Goods Durable goods Non-durable goods GROSS DOMESTIC PRODUCT BY EXPENDITURE SHARES FROM YEAR 2016 TO YEAR 2020 AT CONSTANT 2015 PRICE, IN BILLION PESOS Services Gross private domestic investment Fleed investment Non-residential Structures Equipment and software Residential Change in private inventories Net exports of goods and servics Exports Goods Services Imports Goods Services Government consumption expenditures and fross Investment Federal National Defense Non deferse State and Local 2016 ? 1.025.20 2.172.40 6.790.00 1.317.23 1.442.00 533.10 909.50 374.63 127.40- 1,500.30 989.50 519.80 ? 1,508.20 379.60 1,106.70 ? 356.00 1.772.30 2017 3.193.70 3.292.30 1,011.50 1.051.30 ? 2.241.00 6.805.60 6.840.60 1.537.70 ? 1.191.80 1.353.80 ? 697.00 345.90 176.20 1,493.70 ? 2018 515.60 512.80 141.10 371.70 Using the table above, please compute the following 1. aggregate expenditure totals and the missing items 2. Gross Domestic Product (GDP) for each year 3. compute for the growth rate between 2016 and 2020 457.90 895.00 358.80 156.50- 2019 1.975.90 ? 383.10 3.337.10 ? 2.285.10 6.899.30 1,731.40 1.366.90 434.10 ? 164.50 23.00 1.573.70 1,680.20 1.045.20 1,140.60 528.50 539.60 2,129.70 1,739.40 ? 2020 ? 1.072.80 2.333.80 6.955.80 1,726.90 1.371.40 417.50 953.90 355.50 36.90 1,729.30 1.180.00 549.30 ? 1.827.80 400.90 1.138.30 ? 1.170.20 1.186.30 776.20 795.80 793.50 362.10 368.50 376.70 380.70 1.791.20 1.791.10 1.789.00 1.788.30
Expert Solution
steps

Step by step

Solved in 2 steps with 1 images

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Value Added Method
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
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS