IMPORTS (M) 16.6% 40.5% 23.8% Which of the following is CORRECT according to the above table (GDP from 2013)? o The share of consumption in total GDP is highest in the USA Eurozone countries on average have the largest government spending share in total GDP China is the largest exporter in terms of the share of exports in total GDP Import shares are greater than export shares in all countries

Economics For Today
10th Edition
ISBN:9781337613040
Author:Tucker
Publisher:Tucker
Chapter15: Gross Domestic Product
Section: Chapter Questions
Problem 1SQ
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Give explanation to all options.... 

 

US
EUROZONE
CHINA
TURKEY
CONSUMPTION (C)
68.4%
55.9%
37.3%
70.8%
GOVERNMENT
15.1%
21.1%
14.1%
15.1%
SPENDING (G)
INVESTMENT (I)
19.1%
19.5%
47.3%
21 %
EXPORTS (X)
13.6%
43.9%
26.2%
25.6%
IMPORTS (M)
16.6%
40,5%
23.8%
32.2%
Which of the following is CORRECT according to the above table (GDP from 2013)?
The share of consumption in total GDP is highest in the USA
Eurozone countries on average have the largest government spending share in total GDP
China is the largest exporter in terms of the share of exports in total GDP
Import shares are greater than export shares in all countries
Transcribed Image Text:US EUROZONE CHINA TURKEY CONSUMPTION (C) 68.4% 55.9% 37.3% 70.8% GOVERNMENT 15.1% 21.1% 14.1% 15.1% SPENDING (G) INVESTMENT (I) 19.1% 19.5% 47.3% 21 % EXPORTS (X) 13.6% 43.9% 26.2% 25.6% IMPORTS (M) 16.6% 40,5% 23.8% 32.2% Which of the following is CORRECT according to the above table (GDP from 2013)? The share of consumption in total GDP is highest in the USA Eurozone countries on average have the largest government spending share in total GDP China is the largest exporter in terms of the share of exports in total GDP Import shares are greater than export shares in all countries
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