13. Use the table below to answer the question.Gross Domestic Product Per Capita (GDP) Years in SchoolLiteracyin U.S. DollarsCountryRate(Primary toTertiary)Brazil14 years88.6%$10,800(2010 estimate)India10 years61%$3,500(2010 estimate)United16 years99%$34,800(2010 estimate)KingdomWhich statement best explains the information in this table?

GDP: It refers to the production of goods and services in an economy which is measured within the…

Answered: 13. Use the table below to answer the…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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a. Complete the following diagram. 1.) Using the line drawing tool, draw a long-run aggregate supply curve for any value of GDP greater than $2 trillion. Label it 'LRAS". 2.) Using the 3-point curved line drawing tool, draw a short-run aggregate supply curve. Label it 'SRAS'. Carefully follow the instructions above, and only draw the required objects. b. Which of the following factors will shift the short-run aggregate supply curve but not the long-run AS? O A. An economy wide decrease in wages. OB. A permanent decrease in oil production. OC. A decrease in labor productivity OD. A decrease in capital c. If petroleum prices increase temporarily the e to search O curve would shift to the ▼
Using the table below, how much is contributed to the GDP from the production of the textbook?
Please no written by hand and no emage Ecuador has a GDP of $89.0 billion (measured in U.S. dollars) and grows at 1.3% per year. Using the Compound Rate formula in the textbook, what is the country’s GDP after 6 years? A. $99.3 billion B. $96.2 billion C. $95.4 billion D. $93.1 billion
Typed and correct answer please. I ll rate
United Kingdom Kenya Price per Value of Value of unit (GBP) output Оuаntity Price per Quantity unit (KSh) output (GBP) (KSh) 5000 per 75 650,000 Equipment (millions of 500 unit units) Food 500 10 per kg 125 750 (millions of kg) Total GDP (local currency) a. If equipment is fully tradable, so that the price in Kenyan shillings (KSh) equals the price in pounds times the market exchange rate, what is the market exchange rate? b. Based on its relative price, does it appear that food is tradable? Is it more or less expensive in Kenya, compared to the UK? c. Fill in the table above (ignoring cells with "-"). What is the UK's total GDP in GBP? What is Kenya's total GDP in KSh? d. What is Kenya's GDP in GBP at market exchange rates? e. Following the calculations on pp 28-29 of ED, what is Kenya's GDP in pounds calculated by using UK prices for each individual product and applying that price to Kenya's quantities (that is, using purchasing power parity [PPP])? f. Is the value you calculated in…
Question: What is the aggregate of the gross balances of primary income of all resident institutional units knows as?[A] Gross domestic Product[B] Gross national product[C] Gross National income[D] Net national productPlease Don't use chatgpt or other ai tool.
The table below represents the economy of Bruce, IL, which is a small town in Moultrie County. Corn is grown and only used in the production of beef (as feed). Rifles are produced but only used by government for policing. Beef and juice are produced and consumed by all citizens. If necessary, use 2012 as your base year. Corn Rifles Beef Juice Price Quantity Price Quantity Price Quantity Price Quantity 2011 $350 1000 $150 100 $5 100 $2 210 2012 $360 700 $175 120 $6 110 $2 220 2013 $380 1100 $165 140 $6 130 $4 220 2014 $400 1200 $185 150 $6 140 $5 200 What is the nominal GDP for 2013?
3. The country of Patagonia has produced the following quantity of gauges and potatoes, with the price of each listed in dollar terms. Year 1 Year 1 Year 2 Year 2 Quantity Price Quantity Price Gauges 8,000 $4 10,000 $3 Potatoes 6,000 $8 5,000 $14 (a) Using Year 1 as the base year, what is the growth rate of real GDP from Year 1 to Year 2? (b) Based on the GDP deflator, what is the inflation rate from Year 1 to Year 2?
Give explanation to all options....
D. The table below contains data for the country of Batterland, which produces only waffles and pancakes. The base year is 2009. Year Price Quantity Price of Quanti of of Pancakes of Waffles Waffles Pancak 2008 $2.00 100 $1.00 100 2009 $2.00 120 $2.00 150 2010 $2.0O 150 $3.00 200 2011 $4.00 180 $3.00 220 1. In 2009, this country's nominal GDP was 2. In 2009, this country's real GDP was 3. In 2011, this country's GDP deflator was 4. In 2011, this country's real GDP growth rate was 5. This country's inflation rate in 2011 was
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