Caculate the total change in a years GDP:
On March 31, you decide to stop throwing away $50 a month on convenince store nachos. You buy $200 worth of equipment, corn meal, and cheese, and make your own nachos for the rest of the year.© BrainMass Inc. brainmass.com October 16, 2018, 5:50 pm ad1c9bdddf
If we assume the year to start on 1st January and end on 31st December, then you have already spent $50 per month for three months adding $50 x 3 = $150 to the year's ...
This solution calculates the total change in a year's GDP.
National income account
Given these figures (see attachment), how to calculate the compounded annual rate of growth for the third quarter ( 2 decimal places I suppose) for:
1) Real GDP
2) Final sales
3) Gross domestic purchases
5) Is GDP due to strong US demand, or other factors?
6) What percentage contribution did change in business inventories have on Real GDP growth??
7) What percentage contribution did net exports have on Real GDP growth?
8) If GDP in Q2, 2002 was $ 9392.4 billion, what is the compounded annualized rate of growth between Q2 2002 and Q3, 2003?