Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator Value Compensation of employees 1200 Other taxes on production 32 Other subsidies on production Gross operating surplus 1100 Adjustments (taxes less subsidies on products) 17 Government expenditure 891 What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%; round to the third digit after the decimal point.)

Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator Value Compensation of employees 1200 Other taxes on production 32 Other subsidies on production Gross operating surplus 1100 Adjustments (taxes less subsidies on products) 17 Government expenditure 891 What is the share of government expenditure in GDP? (express your answer as a decimal, e.g. 0.78 and not as a percentage, i.e. 78%; round to the third digit after the decimal point.)

Economics Today and Tomorrow, Student Edition

1st Edition

ISBN:9780078747663

Author:McGraw-Hill

Publisher:McGraw-Hill

Chapter13: Measuring The Economy's Performance

Section13.1: National Income Accounting

Problem 5R

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