Question

can u guys answer this economics question

study the table given below and answer the questions that follow
1) gross domestic product
2) total consumption
3) government consumption
4) private consumption
5) fixed investment
exports of goods and services
6) imports of goods and services


a) which sector has shown the growth over the period 2017-18,2018-19 and 2019-20
b) comment on the status of private consumption. can you think of reasons why it has shown this change
c) what is the status of fixed investment in the economy over these three time periods? does this bode well for the growth of the economy
d) what are the net exports? calculate the figure for the time period 2017-18,2018-19 and 2019-20 ( Q1 and Q2). what does this tell you about growth in this sector
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Answer 1

Answer:

1)Gross Domestic Product (GDP) is the broadest quantitative measure of a nation's total economic activity. More specifically, GDP represents the monetary value of all goods and services produced within a nation's geographic borders over a specified period of time

2)In microeconomic terms, total consumption expenditure of one household is the sum, over a span of time and across all categories, of the value (i.e. price times quantity) of all varieties of goods and services purchased, where the quantity purchased depends on the consumption average dose times the number of

3)Government final consumption expenditure (GFCE) is an aggregate transaction amount on a country's national income accounts representing government expenditure on goods and services that are used for the direct satisfaction of individual needs (individual consumption) or collective needs of members of the community

Explanation:

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