Homework The Aggregate EconomyRevenuesExpendituresGDPYear (Billions of dollars)(Billions of dollars)(Billions of dollars)20002,0251,7899,81720011,9911,86310,12820021,8532,01110,47020031,7832,16010,96120041,8802,29311,686Plot the data for revenues and expenditures as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points(diamond symbol) for expenditures and the green points (triangle symbol) for revenues.Note: Plot your points in the order in which you would like them connected. Line segments will connect the points automatically.25EXPENDITURES AND REVENUES (Percent of GDP)151002003>Expenditures200420051999200020012002YEARIn which years was the government's budget in deficit? Check all that apply.200020012002U 20032004In 2001, the national debtby4RevenuesXA-Zहे

(1) Revenue as % of GDP = (Revenue*GDP)100 Expenditure as % of GDP = (Expenditure÷GDP) 100 Year…

Billions of dollars) (Billions of dollars) 1,789 9,817 1,863 10,128 2,011 10,470 2,160 10,961 2,293 11,686 res as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points the green points (triangle symbol) for revenues. ich you would like them connected. Line segments will connect the points automatically. Expenditures Revenues 2003 2004 2005 dget in deficit? Check all that apply.

Billions of dollars) (Billions of dollars) 1,789 9,817 1,863 10,128 2,011 10,470 2,160 10,961 2,293 11,686 res as a percentage of GDP on the following graph, rounded to the nearest percent. Use the purple points the green points (triangle symbol) for revenues. ich you would like them connected. Line segments will connect the points automatically. Expenditures Revenues 2003 2004 2005 dget in deficit? Check all that apply.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Dollars (trillions) 25 20 15- 10- 0 -5 11 Expenditure components of nominal GDP 1950 GDP (Y) Consumption (C) Investment (1) Government spending (G) Exports (X) Imports (M) 1960 Figure Data Notes 1970 198 1990 2000 2010 The following will refer to the data table in the chart above, to access the data table for this graph you will need to click on the data button at the bottom of the chart. In Q2 of 2008 which of the following were above 9 trillion dollars (annualized)? Select the two correct answers.
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