Question: 5) (30 pts) Using the table prepared in Q4, compare one of the years (or average of years) before 2008 to one of the years
5) (30 pts) Using the table prepared in Q4, compare one of the years (or average of years) before 2008 to one of the years (or average of years) after 2008. Describe how the crises and/or the policies adopted to fight the crises have affected the "before and after" variables in your table. Make sure you have a plausible story with cause and effect (hint: remember there might be different ways to interpret the equation, but you only need one plausible interpretation)United Kingdom 2007 Gross fixed capital formation (% of GDP)Investment (1) 18.046 Expense (% of GDP) (G) 37.019 Exports of goods and services (% of GDP) (X) 25.24 imports of goods and services (% of GDP) (M) 27.219 Revenue excluding grants (% of GDP) (T) 34.746 Private savings 18.34 GDP Growth (annual %) 2.431 2008 Gross fixed capital formation (% of GDP)Investment (1) 17.44 Expense (% of GDP) (G) 39.891 Exports of goods and services (% of GDP) (X) 26.989 imports of goods and services (% of GDP) (M) 29.141 Revenue excluding grants (% of GDP) (T) 35.615 Private savings 19.564 GDP Growth (annual %) -0.281 2009 Gross fixed capital formation (% of GDP )Investment (1) 15.91 Expense (% of GDP) (G) 42.363 Exports of goods and services (% of GDP) (X) 26.373 imports of goods and services (% of GDP) (M) 27.979 Revenue excluding grants (% of GDP) (T) 33.417 Private savings 23.25 GDP Growth (annual %) -4.248
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