Question

From 1990 to 2000, calculate the percentage change in Instructions: Enter your responses rounded to one decimal place. If you are entering any negative numbers be sure to include a negative sign (-) in front of those numbers. a. Real GDP. % b. Real consumption. % c. Real government spending

Answer 1

Note The full question is attached as picture below

1. Real consumption % change = ((Consumption in 2009 / Consumption in 2007) - 1) * 100

Real consumption % change = ((9847 / 10042) - 1) * 100

Real consumption change % = (0.981 - 1) * 100

Real consumption change% = -1.9%

2. Real investment % = ((Investment in 2009 / 2007) - 1) * 100

Real investment % = ((1898 / 2644) - 1) * 100

Real investment % = (0.718 - 1) * 100

Real investment % = -28.2%

3. Government spending % = ((Government spending 2009 / 2007) - 1)*100

Government spending % = ((3089 / 2914) - 1)*100

Government spending % = (1.06 - 1) * 100

Government spending % = 6%