1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP calculated in terms of S. (1T=1,2 S) Production of T Consumption of T Export of T Production of S Consumption of S Import of S TOT GDP Before Growth 2250 900 1800 1,2 After Growth Percentage Change 2925 810 1,2 a) Explain what type of Economic Growth is this country experiencing? Show your calculations.

1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP calculated in terms of S. (1T=1,2 S) Production of T Consumption of T Export of T Production of S Consumption of S Import of S TOT GDP Before Growth 2250 900 1800 1,2 After Growth Percentage Change 2925 810 1,2 a) Explain what type of Economic Growth is this country experiencing? Show your calculations.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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