The data for the country of Upper Mongoose are given in the table below. All figures...
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The data for the country of Upper Mongoose are given in the table below. All figures are in billions of dollars. Category Net exports Value of new goods and services produced in the underground economy Personal consumption expenditures Value of the services of stay-at-home parents Gross domestic investment Government purchases Total Instructions: In part a, enter your answer as a whole number. In parts b-c, round your answers to 2 decimal places. a. What is Upper Mongoose's GDP for the year? $ billion b. What is the size of the underground economy as a percentage of GDP? percent Value $50 85 300 35 150 100 $720 c. By what percentage would GDP increase if the value of the services of stay-at-home spouses were included in GDP? percent The data for the country of Upper Mongoose are given in the table below. All figures are in billions of dollars. Category Net exports Value of new goods and services produced in the underground economy Personal consumption expenditures Value of the services of stay-at-home parents Gross domestic investment Government purchases Total Instructions: In part a, enter your answer as a whole number. In parts b-c, round your answers to 2 decimal places. a. What is Upper Mongoose's GDP for the year? $ billion b. What is the size of the underground economy as a percentage of GDP? percent Value $50 85 300 35 150 100 $720 c. By what percentage would GDP increase if the value of the services of stay-at-home spouses were included in GDP? percent
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Related Book For
Statistics for the Life Sciences
ISBN: 978-0321989581
5th edition
Authors: Myra Samuels, Jeffrey Witmer, Andrew Schaffner
Posted Date:
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