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homework1spring2007

# homework1spring2007 - Economics 302 Spring 2007 Homework#1...

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Economics 302 Spring 2007 Homework #1 Due Tuesday, February 6 Homework will be graded for content as well as neatness. Sloppy or illegible work will not receive full credit. This homework, like others in the future, will require the use of Microsoft Excel. 1. a. Using Excel, replicate the following table, then calculate the missing values using an Excel formula (this is obviously easy to do by hand, the point is to start with an easy assignment in order to build your skills for use on harder tasks later). The following data comes from the Bureau of Economic Analysis. All numbers are reported in billions of U.S. dollars. Year Nominal GDP Consumption Gross Investment Government Purchases of Goods and Services Net Exports 1929 77.5 16.5 9.4 0.4 1933 56.4 45.9 8.7 0.1 1941 126.7 18.1 26.6 1 1945 223 10.8 93.2 -0.9 1947 162.3 35 36.4 10.8 1973 1385.5 852.5 244.5 0.6 2000 9872.9 6728.4 1767.5 1741 b. Using the same spreadsheet, calculate for each year the following statistics (while doing this, you should write the Excel formula for one year, then copy and paste the formula into the corresponding cells for each subsequent years).

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homework1spring2007 - Economics 302 Spring 2007 Homework#1...

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