Using the information below, determine what percentage of the total GDP for this country consists of structures. Round your answer to the nearest tenth.

Components of GDP on the Supply Side (in trillions of dollars):

\begin{tabular}{|l|c|}
\hline
Durable goods & 4.8 \\
\hline
Nondurable goods & 2.5 \\
\hline
Services & 11.1 \\
\hline
Structures & 1.4 \\
\hline
Change in inventories & 0.7 \\
\hline
Total & ? \\
\hline
\end{tabular}

Provide your answer below:
[tex]\[\boxed{\%}\][/tex]



Answer :

To determine the percentage of the total GDP that consists of structures, we need to take the following steps:

1. Calculate the Total GDP:
We first sum up all the components of the GDP:
- Durable goods: 4.8 trillion dollars
- Nondurable goods: 2.5 trillion dollars
- Services: 11.1 trillion dollars
- Structures: 1.4 trillion dollars
- Change in inventories: 0.7 trillion dollars

Adding these together, we get:
[tex]\[ \text{Total GDP} = 4.8 + 2.5 + 11.1 + 1.4 + 0.7 = 20.5 \text{ trillion dollars} \][/tex]

2. Calculate the Percentage of GDP Consisted of Structures:
To find what percentage of the total GDP is made up of structures, we use the formula for percentage:
[tex]\[ \text{Percentage of GDP (Structures)} = \left(\frac{\text{Value of Structures}}{\text{Total GDP}}\right) \times 100 \][/tex]
Plugging in the values, we get:
[tex]\[ \text{Percentage of GDP (Structures)} = \left(\frac{1.4}{20.5}\right) \times 100 \][/tex]

3. Compute the Exact Percentage:
Performing the division and multiplication, we find:
[tex]\[ \left(\frac{1.4}{20.5}\right) \times 100 = 6.829268292682928 \% \][/tex]

4. Round to the Nearest Tenth:
Since the question requires that the answer be rounded to the nearest tenth, we round 6.829268292682928 to 6.8.

Thus, the percentage of total GDP consisting of structures is:
[tex]\[ 6.8 \% \][/tex]

Therefore, the answer is:

[tex]\[ \boxed{6.8} \% \][/tex]