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Which sector of the economy contributed the most to the change in economic activity in 2017?

Which sector of the economy contributed the most to the change in economic activity in 2017?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Consider the following two years of data for the economy of Utopia, In 2016 the financial sector was in equilibrium, but the government sector had a net injection of $50 billion and the external sector had a net leakage of $100 billion. In 2017, the data in billions of dollars were: Exports (X) = 400, Imports (M) = 450, Savings (S) = 150, Private Investment (1) = 150, Taxation (T) = 460, Government expenditure (G) = 450. %3D %3D %3D Which sector of the economy contributed the most to the change in economic activity in 2017? O The external sector. All sectors contributed to the change in economic activity in 2017. O The government sector. O The financial sector.
Transcribed Image Text:Consider the following two years of data for the economy of Utopia, In 2016 the financial sector was in equilibrium, but the government sector had a net injection of $50 billion and the external sector had a net leakage of $100 billion. In 2017, the data in billions of dollars were: Exports (X) = 400, Imports (M) = 450, Savings (S) = 150, Private Investment (1) = 150, Taxation (T) = 460, Government expenditure (G) = 450. %3D %3D %3D Which sector of the economy contributed the most to the change in economic activity in 2017? O The external sector. All sectors contributed to the change in economic activity in 2017. O The government sector. O The financial sector.
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