Suppose you reside in the country of Camelot In 2001, the total population is 110,000, the number of workers is 77 000, and real GOP is $5 280,000 000 Now assume in 2002, the total population is 115,500, the number of workers is 80 850, and real GDP is $5,121,600 000. In 2002, real income per capita is $ . (Round your response to the nearest dollar) In 2002 real income per worker is $ (Round your response lo the nearost dollor.) The change in worker productivily from 2001 is percent. (Round your resporise to bwo decimal places )
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- ode Wieles Rou w Tab Question: Assume that there are three industries in the Home country: industry A, industry B and industry C. Total labour force of the Home Country in the year 2015 was 75,000. 25,000 of this labour force were employed in industry A, 25,000 of it were employed in industry B, and the rest were employed in industry C. In year 2016, total labour force was 150,000. This time 50,000 were employed in industry A, 50,000 were employed in industry B and the remaining workers were employed in industry C. What is the industrial transformation for the Home Country? (a) 0. (b) 1/2. (c) 1/6. (d) 4/15. Show your calculation and explain it. Thank you for helping me with my tutorial :) Skip question Comment Flag question 2: $3.00 Subject: EconomicsThe table below shows data over several years for a country's real GDP, the number of full-time employed workers (E), and the annual average number of hours worked per worker (H). a. & b. For each of the four years, compute real GDP per worker-a standard measure of labour productivity and a slightly more complex measure of labour productivity-real GDP per hour worked. (Round your answers to the nearest cent.) Year 1 5 10 15 Real GDP $525 billion $574 billion $655 billion $767 billion Full-time Employed Workers (E) 12.7 million 13.5 million 14.5 million 15.2 million Number of Hours Worked per Worker (H) 2011 1961 1937 1905 GDP E GDP EXHThailand's 2018 per capita GDP in International Dollars is $11,000. Per capita GDP (PPP) is $32,000. Which of the following statements is incorrect: O The average Thai worker produced the same quantity of goods and services as the average American who produced $11,000 worth of goods and services. The average Thai worker enjoys the same standard of living as an American who earned $32,000 in 2018. O The Thai baht has more purchasing power in Thailand than $1 U.S. has in the United States. O The average Thai worker produced the same quantity of goods and services as an American who produced $32,000 worth of goods and services. 32 2
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- Given the following data for Jamrock country work out the following: US$mn. Private Consumption expenditure 300 Gross Fixed Capital Formation 50 Net Changes in Physical Stocks - 20 Government expenditure 120 Exports of Goods and Services 80 Imports of Goods and Services 50 Indirect taxes/taxes on expenditure 40 Subsidies 30 Net Factor Income payments from abroad + 15 Depreciation 25 iii. Gross National Product at factor cost value iv. Net National IncomeA typical U.S. worker today works fewer than 40 hours per week, while in 1890, he or she worked 60 hours per week. Does this difference in the length of work weeks matter in comparing the economic well-being of U.S. workers today with that of 1890? Or can we use the difference between real GDP per capita today and in 1890 to measure differ- ences in economic well-being while ignoring differences in the number of hours worked per week? Briefly explain.6. In the year 2017, the net national product for a country was RM12 000 million. In year 2019, the current national product for the country is RM20 000 million. The current price index for this year is 180. If the year 2017 is the reference year ( the price index for this year is 100), Calculate the net national product for the year 2019.
- 4. GDP per capita shows how much gross domestic product eachAn imaginary country, Imaginaria, reports a nominal GDP of $279.6B in 2016. The population that year was 55 million. The country paid $36.4B in net international income to the rest of the world in 2016. Finally, Imaginaria’s dollar was worth $1.22 USD in the same year. What was the country’s GNI in 2016 (in it’s own dollars)? What was the country’s GNI in USD?The country of Sportstown produces two goods: footballs and basketballs. Below is a table showing prices and quantities of output for three years: Quantity of Basketballs Year Price of Quantity of Footballs Price of Footballs Basketballs Year 1 $10 120 $12 200 Year 2 12 200 15 300 Year 3 14 180 18 275 Nominal GDP in Year 1 = Nominal GDP in Year 2 = Nominal GDP in Year 3 =