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- Explain how the removal of online purchase taxes on ICT devices may effect a country's GDP.In a closed economy which are having no foreign trade what will be the relationship between the GDP and GNP!!!Why is investment an important component in a country's output? what theory supports investment in GDP
- Explain the two sources for potential GDP growth in words and diagramsExplain why the growth rate in GDP in current prices does not provide information about how quickly the economy is really growing.Which of the components of GDP must increase if we are to experience greater rates of economic growth? If the illegal drug trade was legalized what would happen to GDP? What would happen to GDP if a significant number of house-spouses who were previously staying home to care for their children began taking jobs and placing their children in day-care? Would the nation's well-being necessarily be better off?
- Go to these links: https://data.worldbank.org/indicator/NY.GDP.MKTP.CD?end=2018&start=2000 https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS?end=2018&start=2000 Choose the time range from 2010 to 2018. Pick one country and calculate real GDP for this country using the statistics for each year from the links. Discuss why real GDP is more appropriate for the economic analysis.Malaysia’s GDP to grow 6.3% to 7.5% next year, KUALA LUMPUR (July 7): International agencies have forecast that Malaysia's gross domestic product (GDP) growth in 2021 will be in the range of 6.3% to 7.5%, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.The finance minister said the projections are subject to Malaysia’s continued success in managing Covid-19, as well as in steering and nurturing the economy towards recovery and growth. "As Malaysia is an open economy, whether our growth will be a U-shaped or V-shaped recovery will also depend on external factors, such as the recovery of our major trading partners as well as the restoration of global supply chains," he said in his welcoming address at Invest Malaysia 2020 today. Malaysia recorded only five new Covid-19 cases yesterday, with only 198 active cases and an approximately 98% recovery rate to date. "The rate of infections may have been low in our country, but the public have been constantly reminded…Suppose that an Al Khaleej Food company owned entirely by Emirati Business Group opens a new Restaurants Chain in Jordan. What sort of foreign investment would this represent? What would be the effect of this investment on Jordan GDP and on UAE GDP?