Question: Consider the data in the following table and perform the required calculations indicated below. 31 Sector Value (millions) Consumption $770, 000 Investment $165,000 Government spending

Consider the data in the following table and perform the required calculations indicated below. 31 Sector Value (millions) Consumption $770, 000 Investment $165,000 Government spending $250,000 8 01:04:10 Net exports $-55,000 Population 70 Instructions: Round your answers to the nearest dollar. a. Total gross domestic product = $ million. GDP per person is $ b. Consumption, investment, government purchases, and net exports each as a percentage of total GDP. (Note: Enter your answers in the table below.) c. Consumption, investment, government purchases, and net exports per person. (Note: Enter youranswers in the table below.) % of total GDP Per person ( $ ) Consumption Investment Government purchases Net exports
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
