Suppose you recently received the GDP numbers for the last quarter. When you calculated the change from the previous quarter, you observed the following: observed the following changes: Y ——> +1.5% C ——> +0.1% I ——> +3% G ——> +0.2% NX ——> unchanged How would you interpret each value in context with the whole of GDP? Is there anything in the data that is predictive (potentially) of future conditions?
Suppose you recently received the GDP numbers for the last quarter. When you calculated the change from the previous quarter, you observed the following: observed the following changes: Y ——> +1.5% C ——> +0.1% I ——> +3% G ——> +0.2% NX ——> unchanged How would you interpret each value in context with the whole of GDP? Is there anything in the data that is predictive (potentially) of future conditions?
Chapter5: Gross Domestic Product
Section: Chapter Questions
Problem 7SQP
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Question 5:
Suppose you recently received the
the previous quarter, you observed the following: observed the following changes:
Y ——> +1.5%
C ——> +0.1%
I ——> +3%
G ——> +0.2%
NX ——> unchanged
How would you interpret each value in context with the whole of GDP? Is there anything in the data that is
predictive (potentially) of future conditions?
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