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1. In 2022 the Finnish GDP is estimated to grow by 1,7 %. If it was 253 billion euros in 2021, how much should it be at the end of 2022 according to the estimation? How much is the growth in absolute terms. (in euros)

1. In 2022 the Finnish GDP is estimated to grow by 1,7 %. If it was 253 billion euros in 2021, how much should it be at the end of 2022 according to the estimation? How much is the growth in absolute terms. (in euros)

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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1. In 2022 the Finnish GDP is estimated to grow by 1,7 %. If it was 253 billion euros in 2021, how much should it be at the end of 2022 according to the estimation? How much is the growth in absolute terms (in euros) 2. A value-added tax of 24 % is applied on a product originally priced at 145 euros. What is the price with the tax of this product? 3. An investor investing in stock with a total value of 350 euros of shares got a return of 80 % for his investment for the first year of the investment and 20 % of this in dividends. For the second year, the shares lost 45 % of their value. How much was the value of the shares after these two years?
Transcribed Image Text:1. In 2022 the Finnish GDP is estimated to grow by 1,7 %. If it was 253 billion euros in 2021, how much should it be at the end of 2022 according to the estimation? How much is the growth in absolute terms (in euros) 2. A value-added tax of 24 % is applied on a product originally priced at 145 euros. What is the price with the tax of this product? 3. An investor investing in stock with a total value of 350 euros of shares got a return of 80 % for his investment for the first year of the investment and 20 % of this in dividends. For the second year, the shares lost 45 % of their value. How much was the value of the shares after these two years?
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