ECONOMICS
AGGREGATE DEMAND
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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15%
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29%
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10%
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72%
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Detailed explanation-1: -United Kingdom Investment: % of GDP United Kingdom Investment accounted for 16.8 % of its Nominal GDP in Sep 2022, compared with a ratio of 18.3 % in the previous quarter. UK investment share of Nominal GDP data is updated quarterly, available from Mar 1955 to Sep 2022, with an average ratio of 18.8 %.
Detailed explanation-2: -In 2021, agriculture contributed around 0.68 percent to the United Kingdom’s GDP, 17.49 percent came from the manufacturing industry, and 71.46 percent from the services sector. The vast majority of the UK’s GDP is generated by the services sector, and tourism in particular keeps the economy going.
Detailed explanation-3: -What was United States’s Investment: % of GDP in Dec 2022? United States Investment accounted for 21.2 % of its Nominal GDP in Dec 2022, compared with a ratio of 21.2 % in the previous quarter. See the table below for more data.