List the components of GDP in the output (expenditures) approach. 2. Please calculate the growth rate based on the…

List the components of GDP in the output (expenditures) approach. 2. Please calculate the growth rate based on the…

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List the components of GDP in the output (expenditures) approach.
2. Please calculate the growth rate based on the following information:
U.S. GDP 2023 = 19.1 trillion dollars
U.S. GDP 2022 = 18.8 trillion dollars
U.S. GDP 2021 = 18.5 trillion dollars
What is the growth rate between 2022 and 2023?
What is the growth rate between 2021 and 2023?
3. Using the GDP Deflator, calculate the following in (B) billions:
Consumer
2019:
2018:
Q P
15 B $35.00
Q P
11 B $32.00
What is the GDP Deflator?
Government
Q P
22 B $7.00
Q P
21 B $6.00
Investment
Q
19 B $5.00
P
QP
16 B $8.00
Net Exports
Q P
-7 B $4.00
Q P
-3 B $5.00
4. Give an estimate of actual 2023 GDP for China, Japan, Canada and Mexico, and compare it to the U.S. What is your analysis?

Expert Answer:

Answer rating: 100% (QA)

1 The components of GDP in the output expenditures approach are as follows Consumption C The total s
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