The following hypothetical historical data of the economic sectors of Kenya are given as: SECTORS 1999...
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The following hypothetical historical data of the economic sectors of Kenya are given as: SECTORS 1999 Agriculture 556 Industry 234 Services 268 Total GDP ? 3.42 Population (million) You are required to calculate: a) Annual GDP b) GDP growth rate 2000 584 254 282 ? 3.39 2001 606 280 298 ? 3.46 2002 630 308 314 ? 3.94 c) GDP per capita d) Calculate the composition (%) or percentage share (%) of the sectors 2003 644 344 338 2 4.55 The following hypothetical historical data of the economic sectors of Kenya are given as: SECTORS 1999 Agriculture 556 Industry 234 Services 268 Total GDP ? 3.42 Population (million) You are required to calculate: a) Annual GDP b) GDP growth rate 2000 584 254 282 ? 3.39 2001 606 280 298 ? 3.46 2002 630 308 314 ? 3.94 c) GDP per capita d) Calculate the composition (%) or percentage share (%) of the sectors 2003 644 344 338 2 4.55
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Answer rating: 100% (QA)
a Annual GDP To calculate the annual GDP for each year we need to add up the values for each sector ... View the full answer
Related Book For
Principles of Macroeconomics
ISBN: 978-0134078809
12th edition
Authors: Karl E. Case, Ray C. Fair, Sharon E. Oster
Posted Date:
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