# econ

posted by .

This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars.

Components 2000 2001

Consumption \$6,684 \$6,987
Investment \$1,755 \$1,560
GovernmentSpending \$1,751 \$1,858
Exports \$1,101 \$1,034
Imports \$1,467 \$1,383
Nominal GDP \$9,824 \$10,056

2
Question #6:
This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars.
Components 2000 2001
Consumption \$6,684 \$6,987
Investment \$1,755 \$1,560
Government Spending \$1,751 \$1,858
Exports \$1,101 \$1,034
Imports \$1,467 \$1,383
Nominal GDP \$9,824 \$10,056

A) What percentage of GDP in 2000 is consumption?

B) Calculate net exports for 2001. (Express your answer in billions of dollars.)

• econ -

68

• econ -

What percentage of GDP in 2000 is consumption
Calculate net exports for 2001. (Express your answer in billions of dollars.)

• econ -

349

• econ -

## Similar Questions

1. ### Statistics .05 level

According to a survey conducted in October 2001, consumers were trying to reduce their credit card debt (Extracted from M. Price, “Credit Debts Get Cut Down to Size." Newsday, November 25, 2001, p. F3). Based on a sample of 1000 …
2. ### econ

Real GDP equaled \$9,191 billion in 2000 and \$9,215 billion in 2001. Both figures are adjusted for changes in the value of the dollar using a chained price index with a base year of 1996. Which of the following could explain the increase …
3. ### Econ

(Year 2000, Year 2001) QUANTITY ...Popcorn: (200,250) ....Novels: (50,30) .....Shoes: (8,10) PRICE ...Popcorn: (\$1,\$2) ....Novels: (\$20,\$25) .....Shoes: (\$100,\$80) If 2000 is the base year, what is the real GDP in 2001?
4. ### [Urgent] Economics - GDP

(Quantity, Price) 2000 ...Popcorn: (200,\$1) ....Novels: (50,\$20) .....Shoes: (8,\$100) 2001 ...Popcorn: (250,\$2) ....Novels: (30,\$25) .....Shoes: (10,\$80) If 2000 is the base year, what is the real GDP in 2001?
5. ### Economics

This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars. -------------------------------------------------------------------------------- Components 2000 2001 -------------------------------------------------------------------------------- …

In 2000, the circulation of a local newspaper was 3,250. In 2001, its circulation was 3,640. In 2002, the circulation was 4,100. a. Find the percent of increase in the newspaper’s circulation from 2000 to 2001 and from 2001 to 2002. …