Answer the following with complete solutions please TYPE OF EXPENDITUREPersonal consumption ExpendituresGoodsDurable goodsNon-durable goodsGROSS DOMESTIC PRODUCT BY EXPENDITURE SHARESFROM YEAR 2016 TO YEAR 2020 AT CONSTANT 2015 PRICE, IN BILLION PESOSServicesGross private domestic investmentFleed investmentNon-residentialStructuresEquipment and softwareResidentialChange in private inventoriesNet exports of goods and servicsExportsGoodsServicesImportsGoodsServicesGovernment consumption expenditures and frossInvestmentFederalNational DefenseNon deferseState and Local2016?1.025.202.172.406.790.001.317.231.442.00533.10909.50374.63127.40-1,500.30989.50519.80?1,508.20379.601,106.70?356.001.772.3020173.193.70 3.292.301,011.50 1.051.30?2.241.006.805.60 6.840.601.537.70?1.191.80 1.353.80?697.00345.90176.201,493.70?2018515.60512.80141.10371.70Using the table above, please compute the following1. aggregate expenditure totals and the missing items2. Gross Domestic Product (GDP) for each year3. compute for the growth rate between 2016 and 2020457.90895.00358.80156.50-20191.975.90?383.103.337.10?2.285.106.899.301,731.401.366.90434.10?164.5023.001.573.70 1,680.201.045.20 1,140.60528.50539.602,129.701,739.40?2020?1.072.802.333.806.955.801,726.901.371.40417.50953.90355.5036.901,729.301.180.00549.30?1.827.80400.901.138.30?1.170.20 1.186.30776.20795.80793.50362.10368.50376.70380.701.791.20 1.791.10 1.789.00 1.788.30

Gross domestic product: It is the value of all final goods and services produced in the domestic…

Using the table above, please compute the following 1. aggregate expenditure totals and the missing items 2. Gross Domestic Product (GDP) for each year 3. compute for the growth rate between 2016 and 2020

Using the table above, please compute the following 1. aggregate expenditure totals and the missing items 2. Gross Domestic Product (GDP) for each year 3. compute for the growth rate between 2016 and 2020

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

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