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Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364

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BuyFindarrow_forward

Principles of Economics 2e

2nd Edition
Steven A. Greenlaw; David Shapiro
ISBN: 9781947172364
Textbook Problem

The GDP for the United States is Chapter 23, Problem 6SCQ, The GDP for the United States is billion and its current account balance is billion. What percent of , example  1 billion and its current account balance is Chapter 23, Problem 6SCQ, The GDP for the United States is billion and its current account balance is billion. What percent of , example  2 billion. What percent of GDP is the current account balance?

To determine

To calculate: the part (percentage) of GDP which represents Current account balance.

Explanation

Given GDP=$18,036 billion, Current account balance =-$484 billion

Percent of GDP=

    current account balance GDP×100

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