Which component(s) had a positive contribution to growth in each quarter? Choose one or more: A. gross private domestic investment spending B. government spending C. net exports of goods and services D. consumption expenditure Part 2 See Hint As you know, the United States has consistently run a trade deficit for the past forty years. In which quarter(s), did the trade deficit fall? Choose one or more: A. Q4 2018 OB. Q1 2019 □ C. Q2 2019 OD. Q3 2019 E. Q4 2019 Part 3 See Hint Economists look at current and past GDP data to get some idea of what might happen to GDP growth in the future. If we look at the last three quarters, Q2 2019 to Q4 2019, the contribution of spending in particular might lead to slower growth in the future.
Which component(s) had a positive contribution to growth in each quarter? Choose one or more: A. gross private domestic investment spending B. government spending C. net exports of goods and services D. consumption expenditure Part 2 See Hint As you know, the United States has consistently run a trade deficit for the past forty years. In which quarter(s), did the trade deficit fall? Choose one or more: A. Q4 2018 OB. Q1 2019 □ C. Q2 2019 OD. Q3 2019 E. Q4 2019 Part 3 See Hint Economists look at current and past GDP data to get some idea of what might happen to GDP growth in the future. If we look at the last three quarters, Q2 2019 to Q4 2019, the contribution of spending in particular might lead to slower growth in the future.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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