Help please! 3) Here you are to compare GDP\'s major expenditure components acro
ID: 1152850 • Letter: H
Question
Help please!
3) Here you are to compare GDP's major expenditure components across different countries. 3.1) Fill in Table 3.2. below using data in Table 3.1. (HINT: Apply the GDP formula! The components' shares have to sum to 100 percent) 3.2) Briefly discuss how the composition of the GDP's components in the U.S. differs from that in the other countries. Table 3.1. GDP Components, Select Countries, 2016 (Billion S) United United States GDP Components Brazil China Russia Singapore Arab Consumption (Private) Government Expenditure2,658.1 Investment (Private) Exports Imports 12,820.7 1,149.6 4,412.4 1,610.3 4,945.6 2,197.9 1,948.0 362.4 277.4 224.3 217.8 660.2 239.5 281.6 330.7 263.8 108.4 33.5 75.3 511.2 434.3 Emirates 123.0 48.9 88.1 362.1 273.3 3,666.9 2,214.6 2,735.8 Table 3.2. Components' Share of Total GDP, Select Countries, 2016 (PERCENT) United United States GDP Components Brazil China Russia Singapore Arab Emirates Consumption (Private) Government Expenditure Investment (Private) Exports Imports TOTAL GDP 100.0 100.0 100.0 100.0 100.0 100.0Explanation / Answer
GDP Components
United States
Brazil
China
Russia
Singapore
United Arab Emirates
Consumption(Private)
12820.7
1149.6
4412.4
660.2
108.4
123
Government Expenditure
2658.1
362.4
1610.3
239.5
33.5
48.9
Investment(Private)
3666.9
277.4
4945.6
281.6
75.3
88.1
Exports
2214.6
224.3
2197.9
330.7
511.2
362.1
Imports
2735.8
217.8
1948
263.8
434.3
273.3
GDP
18624.5
1795.9
11218.2
1248.2
294.1
348.8
GDP Components
United States
Brazil
China
Russia
Singapore
United Arab Emirates
Consumption(Private)
68.84
64.01
39.33
52.89
36.86
35.26
Government Expenditure
14.27
20.18
14.35
19.19
11.39
14.02
Investment(Private)
19.69
15.45
44.09
22.56
25.60
25.26
Exports
11.89
12.49
19.59
26.49
173.82
103.81
Imports
14.69
12.13
17.36
21.13
147.67
78.35
GDP
100.00
100.00
100.00
100.00
100.00
100.00
Private consumption is higher in US than any other countries
Except for Brazil, private investment is lower than any other countries
Both exports and imports is lesser when compared to other countries
GDP Components
United States
Brazil
China
Russia
Singapore
United Arab Emirates
Consumption(Private)
12820.7
1149.6
4412.4
660.2
108.4
123
Government Expenditure
2658.1
362.4
1610.3
239.5
33.5
48.9
Investment(Private)
3666.9
277.4
4945.6
281.6
75.3
88.1
Exports
2214.6
224.3
2197.9
330.7
511.2
362.1
Imports
2735.8
217.8
1948
263.8
434.3
273.3
GDP
18624.5
1795.9
11218.2
1248.2
294.1
348.8
GDP Components
United States
Brazil
China
Russia
Singapore
United Arab Emirates
Consumption(Private)
68.84
64.01
39.33
52.89
36.86
35.26
Government Expenditure
14.27
20.18
14.35
19.19
11.39
14.02
Investment(Private)
19.69
15.45
44.09
22.56
25.60
25.26
Exports
11.89
12.49
19.59
26.49
173.82
103.81
Imports
14.69
12.13
17.36
21.13
147.67
78.35
GDP
100.00
100.00
100.00
100.00
100.00
100.00
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