This chart shows the components of nominal GDP for the years 2000 and 2001. All figures are in billions of current dollars.
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Components 2000 2001
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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
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Nominal GDP $9,824 $10,056
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4.1. What percentage of GDP in 2000 is consumption?
%
Please enter a whole number, with no decimal point.
I believe the answer is -349.
Exports-imports
68%
What percentage of GDP in 2000 is consumption
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
1.1. What percentage of GDP in 2000 is consumption?
no idea
To find the percentage of GDP that consumption represents in 2000, you need to divide the value of consumption by the value of nominal GDP and then multiply by 100.
In this case, the value of consumption in 2000 is $6,684 billion and the value of nominal GDP in 2000 is $9,824 billion.
So the calculation would be:
(Consumption / Nominal GDP) * 100 = (6,684 / 9,824) * 100
To calculate this, you can divide 6,684 by 9,824 to get 0.67982832 and then multiply by 100 to get 67.982832.
Rounding to a whole number, the percentage of GDP in 2000 that consumption represents is approximately 68%.