Q.7.2Use the following composition of expenditure for the economy of a countrynamed the Republic of Tapuwa, for the year ended 2019 to answer thequestions below:COMPONENTR millionsConsumption expenditure (C)Investment (I)9 0006 500Government spending (G)7 000Exports (X)1 800Imports (Z)2 400Depreciation700Foreign payment to the rest of the300worldForeign payment from the rest of the250worldQ.7.2.4 If it is predicted that the GDP will increase to 22 000 in 2020,calculate the growth rate between 2019 and 2020.Q.7.2.5 The measure of GDP for economic growth is not always perfect.Describe any two problems that are associated with GDP as ameasure of economic growth.

GDP is a macroeconomic measure that is used to determine the total aggregate production in a…

1.2.4 Ifit is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020. 2.2.5 The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.

1.2.4 Ifit is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020. 2.2.5 The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter19: Measuring Economic Performance

Section: Chapter Questions

Problem 6P

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Q.7.2
Use the following composition of expenditure for the economy of a country
named the Republic of Tapuwa, for the year ended 2019 to answer the
questions below:
COMPONENT
R millions
Consumption expenditure (C)
Investment (I)
9 000
6 500
Government spending (G)
7 000
Exports (X)
1 800
Imports (Z)
2 400
Depreciation
700
Foreign payment to the rest of the
300
world
Foreign payment from the rest of the
250
world
Q.7.2.4 If it is predicted that the GDP will increase to 22 000 in 2020,
calculate the growth rate between 2019 and 2020.
Q.7.2.5 The measure of GDP for economic growth is not always perfect.
Describe any two problems that are associated with GDP as a
measure of economic growth.

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