A three-sector economy has following input-output coefficient matrix and final demand vector: 05 1000 A =| 0.2 05 D = 5000 0.4 4000 Find the gross output of each sector.
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- Calculate government investment per capita for each year from 2003-2013.Consider a macroeconomy where the current population is 0.8 million people. Gross domestic private investment is constant $2000 million while consumer expenditure is described by the equation: C = 540+ 0.8DI. The government is fairly active, with a total expenditure of $3500 million and net taxes of $2550 million. Further investigation of the macroeconomy reveals that imports are constant at $3000 million while exports are constant at $2000 million. Currently, the overall price level (GDP deflator) is 118 and the potental GDP level is $13.5 billion. (Question 1 of 7) What is the current equilibrium level of real GDP? (report your answer at 2 decimal places and in millions of dollars)INSTRUCTION Given the following data for the year 2020, compute for the: Birth rate Death rate Maternal mortality rate Fertility rate Infant mortality rate GIVEN: Live births = 300 infants Still births = 5 infants Deaths before 1 month old= 15 infants Women in their reproductive age = 2,000 women Total Population = 10,000 people Deaths = 100 people (across all age groups)
- A Nova Scotia Company is trying to successfully enter the cranberry market in Australia. What is the GNP or GDP for entry country (Australia), Is it growing? What is the per capita income? What is the average family income? What are the income classes and distribution?Does Australia have unexploited or underused resources that can affect future wealth?Question: Suppose that the marginal cost of extracting a non-renewable natural resource is MXC(Q) = 10 and the marginal beneÖt of using the resource are MB(Q) = 90Q. In the context of a static model, address the following question: Calculate the efficient value of Q if the total stock of the natural resource is Q = 50: Provide a graphical representation of the solution. My Note: This is my first time resubmitting, I was told to confirm that MXC(Q) =10 is the correct form of the Marginal cost of extraction to answer this question correctly. I'm not sure but this is the way my professor asked his question.The Bahamas paid a "very high price" for not using non-tariff barriers to prevent foreign producers from dumping low-quality food products into the country, a practice that has driven Bahamian farmers out. According to the article, the Bahamas' food security shortfalls and inability to feed itself have made food nearly affordable for many segments of society, implying that poor policy decisions of previous administrations contributed to the demise of agriculture. The industry's contribution to Bahamian GDP has fallen to less than 1%, compared to its contribution of 5-6 percent to Bahamian GDP in the 1970s and 1980s. 1. Identify the type of market failure being discussed in the article and discuss why market failure occurs in this scenario 2. Suggest a relevant government policy that would yield the efficient outcome andcarefully explain the process through which the implementation of thegovernment policy will lead to the optimal outcome. 3. How will the imposition of the chosen…
- Use the following Table to answer Part (a) Assume that Bolivia has the following economic data: GDP (Y) 550 billion Taxes (T) 120 billion National Savings (S) 180 billion Private Savings 154 billion Net Exports ((NX) 49 billion (a) Calculate the following variables for Bolivia: (i) Consumption (C): [2 Points] (ii) Investment (I); [2 Points] (iii) Public Savings: [2 Points] (iv) Government Spending (G). [2 Points] Icmillan Learning Consider the table of GDP and population for several imaginary countries. $ Country Wrigleyville Longhornland Dinkytown $ Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. 20.6 Incorrect GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 145.0 125 221.00 128.7 559.0 2913 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place. Incorrect 1.900For the following problems, SHOW YOUR WORK and round to one decimal point. If you struggle with the math, still try to intuitively and graphically answer C and D. Consider an economy with the following data: C(Y-T) 125+0.75(Y-T) 1=2 00-10r G is the level of government purchases, T = 100 MS-800 and the price level is P MD-P(0.8Y-16(r + m²)) Please note the simplified consumption and investment functions (ignoring wealth and r effect on C, and Y effect on I). Note also that the initial price level and government purchases are some constant P and G, respectively and assume expected inflation - NX-0. Let the full employment level of output = 1,600. A) Construct the IS curve, simplifying the expression as much as possible, solving for Y. B) The LM curve can be represented as Y = 20 r + 1000/P. Let G-250 and P-1. Solve for the short run equilibrium level of r* and Y. C) Use the space below to illustrate your short run equilibrium in B), including your numerical answers where possible on your…
- Hand written solutions are strictly prohibited.The following Table Q3 shows component of Gross Domestic Product (GDP) in ABC country for the year 2018. Table Q3: Gross Domestic Product of ABC country in 2018 Component of Gross Domestic Product (GDP) Consumption on durable and non-durable goods Consumption of services Residential and non-residential investment Change in inventories Corporate profit Transfer payment to household from Government Government pay salaries to civil servants Export Import Receipt of factor income from the rest of the world Payment of factor income to the rest of the world RM million 1,600 700 860 - 50 610 150 320 370 230 840 770 Calculate: (i) Gross Domestic Product (GDP) of ABC country using the expenditure approach. (ii) Calculate the Gross National Product of ABC country in 2018.Question A.1 Consider the following data for a country called "Weightonia": Year 1 Year 2 Real GDP (year 1 prices) Real GDP (year 2 prices) $400 $460 $530 $600 Compute Real GDP in year 2 in "Weightonia" by applying the Chain-Weighting approach. Use year 1 as the reference year.