1. Using the expenditure approach, calculate the GOP of Canada in 2018 (fourth quarter}, using the data...

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1. Using the expenditure approach, calculate the GOP of Canada in 2018 (fourth quarter}, using the data below.

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2. What percentage of GOP is made up by each of the four sectors of the economy?

3. Why do economists not simply ignore the imports figure, instead of actually deducting it, when calculating GOP?

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Economics Course Book 2020

ISBN: 9781382004961

2020 Edition

Authors: Jocelyn Blink, Ian Dorton

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Question Posted: Mar 13, 2024 03:00 AM

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1. Using the expenditure approach, calculate the GOP of Canada in 2018 (fourth quarter}, using the data...

Question:

Consumer expenditure on goods and services (million CAD$) 1,614,165 Business 424,259 investment Government 417,805 expenditure Exports 664,437 Imports 654,843

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Economics Course Book 2020

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