Q: Given the following: consumption = 400, investment = 300, government expenditure = 150 and net…
A: Economy's GDP Y = Consumption + Investment + Government expenditure + Net export
Q: which of the below statements about the U.S. GDP do you think is INCORRECT? Group of answer…
A: * ANSWER :- The OPTION C is answer
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Q: explain three limitation in measuring the real gdp
A:
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Q: 1.3 Read the following extract and answer questions 1.3-1.5. South Africa’s economy grew by 1.1% in…
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Q: Fill in the blank for the following : GDP is the market value of all ............ produced in a…
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A: GDP is the value of final goods and services produced in the economy within a given period of time.
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Q: 10. Which of the following does NOT count toward changes in the current GDP (year 2022)? a) A…
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Q: Which of the following statements about GDP and GNP is WRONG? Cars produced in Canada using US…
A: We have to find GDP and GNP.
Q: 1.3 Read the following extract and answer questions 1.3-1.5. South Africa's economy grew by 1.1% in…
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Q: Consumption expenditures Investment expenditures Government purchases $800 $200 $300 Exports $100…
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Q: What is the largest component (C, I, G, or NX) of GDP? Give an example of each component.
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A: The given table gives information about the nominal GDP and GDP deflator for year 2000 to 2019.
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Q: Explain THREE (3) limitations in measuring the real GDP.
A:
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Q: You own a cigar shop in Uxbridge, Ontario which sells Made in Canada cigars (gross!). In 2019, you…
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Q: Which of the following is true about real GDP? A. It is always equal to nominal GDP B. It…
A: Answer to the question is as follows:
Q: If nominal GDP is 42,000 and real GDP is 40,000 what is the GDP deflator? A.) 1.05 B.) 200…
A: Nominal GDP measures the value of goods and services measured in current year prices while real GDP…
Q: Explain the economic development of the GDP?
A: Economic growth, when accounting for inflation, is the increase or improvement in the market value…
Q: If all quantities produced rise by 10%, while all prices fall by 10%, what happens to real GDP? What…
A: Here, it is given that all quantities increased by 10%, while all prices are decreased by 10% in the…
Q: 1.3 Read the following extract and answer questions 1.3-1.5. South Africa’s economy grew by 1.1% in…
A: 1 - Option B By changing the way GDP was calculated, it could be misleading as annualising method…
Q: What is GDP? What is real GDP ? What is per capita GDP ? Why is our GDP shrinking in the ongoing…
A: The Gross Domestic Product is the summation of the money value of all the final goods and services…
Q: Use the following information to answer this question. If nominal GDP rises from $100 trillion to…
A: Nominal GDP is the gross domestic product of a nation without adjusting for inflation, whereas real…
Q: Question 9 Which of the following affects this year's GDP? There may be more than one answer. a) The…
A:
Q: Which of the following are included in the year’s GDP? which are excluded? Explain your answers 1.…
A: Since you have posted multiple sub-parts, we are answering the first three for you. If you want…
Q: Revise Core chapter 1.2 for the next four questions. Do not include the dollar sign in your answers.…
A:
Q: The central problem that is evident in the above extract is that of… a) Economic welfare b) Data…
A: The central problem that is evident in the above extract is that of… the right answer is in second…
Q: Explain three limitations in measuring the real GDP
A: The gross domestic product (GDP) is the standard measure of value-added produced during a certain…
Q: The largest component of GDP is a. private consumption expenditures b. private…
A: People consumption is more than any other component of GDP.
Q: Which one of these items will not be a part of the current year's GDP? а. Spending of the government…
A: Transfer payments are not included in GDP.
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- Q.3.3 Year (Base year) 2018 2019 2020 2021 Cost of a basket (R) of consumer goods/services Show how gross national product (GNI) can be derived from gross domestic product (GDP). 1850 2190 2380 2560Consider the data in the table Rank the years from hightest to lowest in terms of real GDP Year Nominal GDP GDP deflator Real GDP 2009 $1020 57 2010 $1250 62 2011 $1450 91I. Based on the data in Table 2 below, calculate Indonesia's 2011-2016 by measuring changes in the GDP Deflator. Table 2.Indonesia's Gross Domestic Product 2011-2016 year Product Domestik Bruto (Miliar Rp.) Nominal IHK (%) Deflator 2010 6,864,133.1 6.96 100.0 2011 7,831,726.0 3.79 107.5 2012 8,615,704.5 4.30 111.5 2013 9,546,134.0 8.38 117.0 2014 10,569,705.3 8.36 123.4 2015 11,531,716.9 3.35 128.4 2016 12,406,809.8 3.02 131.5
- The level of nominal GDP in 2000 was 10.098 billion. The level of nominal GDP in 2021 is projected to be 432.197 billion . Total nominal GDP of this country has increased by. the last 20 years ? % inUse the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product) at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.Suppose nominal GDP is S99,000 and the GDP deflator is 110. Real GDP is: A $90,000 B $108,900 C $10,890,0 D $900
- Based on the following table Private consumption expenditure (C) Gross private investment Expenditure (1) Government Expenditure (G) Exports (X) Imports (M) Net factor income from the rest of the world 5 Depreciation 150 Indirect Taxes 60 Subsidies 40 Transfer payments to households 10 35 Personal Income Taxes 30 Undistributed dividends 20 25 15. a) Find Net National ProductGross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?Assume that RGDP per capita in NZ typically grows at about 3.8% p.a.. Discuss the differences in RGDP per capita growth in the 2003-2008 and 2008-2013 periods in terms of our concept of booms and busts. Do this in 100 words or less.
- Total consumer expenditure 400,000 Government spending 148,000 Gross domestic capital formation 160,000 Value of physical income in stock 8,000 Export of goods. 72,000 Import of goods 68,520 Subsidies 5,560 Taxes on expenditure 6,960 Capital consumption 22,000 Income from abroad 51,600 Income paid abroad 29,600 From the following data country X, you are required to calculate: 1. GDP at factor cost 2. GNP at factor cost 3. NNPYear 1995 1996 1997 1998 1999 2000 2001 2002 Select one: What was growth in real GDP in 2001? a. 2.85% Ob. 3.4% C. 5.32% Od. 0.53% 3.28% Nominal GDP (billions) $7,400.6 e. $7,813.2 $8,318.4 $8,781.5 $9,268.6 $9,872.9 $10,208.1 $10,383.1 Real GDP (billions) CPI (1983 = 100) 152.4 156.9 160.5 163.0 166.6 172.2 177.1 179.9National Income Data Spending Category Corporate profits Depreciation Gross private domestic investment Personal taxes Personal saving Government spending Imports Net interest Compensation of employees Rental income Exports Personal consumption expenditures Indirect business taxes Contributions for Social Security (FICA) Transfer payments and other income Proprietors' income Amount (Billions of dollars) 305 479 716 565 120 924 547 337 2,648 19 427 2,966 370 422 Based on the data table, personal income is equal to $ 991 328 billion. Based on the data table, disposable personal income (DI) is equal to $ billion.
