use the expenditure equation for gdp=c+i+g+xn find the values for each sector for the years 1929 and 1933. determine the precentage change for the two years.
To find the values for each sector for the years 1929 and 1933, and calculate the percentage change, we need data for consumption (C), investment (I), government spending (G), and net exports (XN) for each year.
Unfortunately, I do not have access to historical data within my programming. However, I can explain how you can obtain the information and calculate the percentage change yourself.
1. Consumption (C): This refers to the total value of goods and services consumed by individuals. You can gather historical consumption data from economic reports, government publications, or databases such as the World Bank or national statistical agencies.
2. Investment (I): This includes spending on business capital goods, residential construction, and changes in inventories. Similar to consumption data, you can find investment data from economic reports or databases.
3. Government spending (G): This represents the expenditure by the government on goods and services. Historical data for government spending can be obtained from governmental reports or relevant economic databases.
4. Net exports (XN): Net exports are calculated by subtracting imports from exports. It represents the difference between a country's exports and imports. Historical data on exports and imports can be found in trade databases or reports.
Once you have gathered the data for these sectors for both 1929 and 1933, you can substitute the values into the expenditure equation: GDP = C + I + G + XN. This will give you the GDP values for each year.
To calculate the percentage change between 1929 and 1933, you can use the following formula:
Percentage Change = ((New Value - Old Value) / Old Value) * 100
Subtract the GDP value of 1929 from the GDP of 1933, divide by the GDP of 1929, and multiply by 100 to get the percentage change in GDP.
Remember to consider whether the change is an increase or decrease in GDP by analyzing the signs (+/-) of the values obtained.
I hope this explanation helps you understand how to approach the problem and calculate the required values and percentage change.