QUESTION 1Below is a hypothetical table such as would be generated by the Bureau of Labor Statistics when reporting historical and forecasted levels of gross domestic product for the United States. Use the answer table to fill in the blanks for the missing estimates. Make sure you show your work. 1998 Gross Domestic Product Answer (Remember to show work):2028 Personal Consumption Expenditures Answer (Remember to show work):2008 Gross Private Domestic Investment Answer (Remember to show work):2018 Exports Answer (Remember to show work): Billions of Current DollarsCategory19982008201820281. Gross domestic product2. Personal consumption expenditures3. Gross private domestic investmentGovernment expenditures4. ExportsImports$5,877.21,736.71,611.6$14,712.8 $20,494.113,948.53,650.13,520.8$30,493.19,976.32,982.01,837.12,560.15,822.04,741.33,891.04,711.5953.01,115.73,156.7

Billions of Current Dollars Category 1998 2008 2018 2028 1. Gross domestic product 2. Personal consumption expenditures 3. Gross private domestic investment Government expenditures 4. Exports Imports $14,712.8 $20,494.1 13,948.5 3,650.1 3,520.8 $30,493.1 9,976.3 5,877.2 1,736.7 1,611.6 953.0 1,115.7 2,982.0 1,837.1 2,560.1 5,822.0 4,741.3 3,891.0 4,711.5 3,156.7

Billions of Current Dollars Category 1998 2008 2018 2028 1. Gross domestic product 2. Personal consumption expenditures 3. Gross private domestic investment Government expenditures 4. Exports Imports $14,712.8 $20,494.1 13,948.5 3,650.1 3,520.8 $30,493.1 9,976.3 5,877.2 1,736.7 1,611.6 953.0 1,115.7 2,982.0 1,837.1 2,560.1 5,822.0 4,741.3 3,891.0 4,711.5 3,156.7

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 33P: The Czech Republic has 3 GDP of 1,800 billion koruny. The exchange rate is 25 koruny/U.S. dollar....

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QUESTION 1

Below is a hypothetical table such as would be generated by the Bureau of Labor Statistics when reporting historical and forecasted levels of gross domestic product for the United States. Use the answer table to fill in the blanks for the missing estimates. Make sure you show your work.
1. 1998 Gross Domestic Product Answer (Remember to show work):
2. 2028 Personal Consumption Expenditures Answer (Remember to show work):
3. 2008 Gross Private Domestic Investment Answer (Remember to show work):
4. 2018 Exports Answer (Remember to show work):

Billions of Current Dollars
Category
1998
2008
2018
2028
1. Gross domestic product
2. Personal consumption expenditures
3. Gross private domestic investment
Government expenditures
4. Exports
Imports
$
5,877.2
1,736.7
1,611.6
$14,712.8 $20,494.1
13,948.5
3,650.1
3,520.8
$30,493.1
9,976.3
2,982.0
1,837.1
2,560.1
5,822.0
4,741.3
3,891.0
4,711.5
953.0
1,115.7
3,156.7

Leveraging special tenchniques in analyzing historical data to predict future trends. Forecasting covers the methods and types of forecasting and their application to case studies.

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The Czech Republic has 3 GDP of 1,800 billion koruny. The exchange rate is 25 koruny/U.S. dollar. The Czech population is 20 million. What is the GDP per capita of the Czech Republic expressed in U.S. dollars?
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