What is the effect of decreasing these three components(following) on real GDP separately?
1)consumer sentiment - goes down...what happen to real GDP?
2)machinery orders - goes down...what happen to real GDP?
3)exports - expected to go down...what happen to real GDP?
WHY?!
1
Expert's answer
2013-05-16T08:43:25-0400
1)consumer sentiment - goes down, then real GDP decreases, as consumption fall, as it is one of the main components of GDP (cost method of calculation).
2)machinery orders - goes down, then real GDP goes down, as production fall and less goods are produced in the country.
3)exports - expected to go down, then real GDP goes down, as net imports decrease, as it is one of the main components of GDP (cost method of calculation).
Numbers and figures are an essential part of our world, necessary for almost everything we do every day. As important…
APPROVED BY CLIENTS
"assignmentexpert.com" is professional group of people in Math subjects! They did assignments in very high level of mathematical modelling in the best quality. Thanks a lot
Comments
Leave a comment