c. The percentage of GDP accounted for by each of the sectors is interpreted as the value-added in each sector. It is the dollar amount that is sold in each sector minus the cost of materials. What is the value-added in each of the sectors for France and Thailand for 2018? Round answers to one place after the decimal where necessary. Value-added in agriculture for France: $ billion Value-added in industry for France: $ billion Value-added in service for France: $ billion Value-added in agriculture for Thailand: $ billion Value-added in industry for Thailand: $ billion Value-added in service for Thailand: $ billion

2.In a farway country, banana is the most important crop exported to rest of the world. Data about economic indicators for farway country are given in Table 1. Table 1: Macro Economic Indicators of Farway Country (all figures in million $) year Consumption Expenditure Investment Expenditure Government Expenditure Exports import 2012-13 100 20 50 60 70 2013-14 120 25 60 65 75 2014-15 140 30 70 65 78 2015-16 160 28 40 50 75 2016-17 165 25 30 45 75 2017-18 170 24 20 40 80 2018-19 170 20 20 35 80                         In recent years, a life style change, leading to more consumption of processed food, than raw food has led to reduction in demand for Bananas for consumption. Since the manufacturing sector in FarwayCountry is not developed, the country has to import most of its processed food needs, leading to increase in imports.The Government of Farwaycountry is contemplating inviting foreign investors to establish industries to manufacture banana products such…

7.Q Below is a list of domestic output and national income figures for a given year. All figures a billions. The questions that follow ask you to determine the major national income meast both the expenditure and income methods. Provide how you calculated! Personal consumption expenditures Net foreign factor income Statistical discrepancy Consumption of fixed capital (depreciation) Imports Еxports Personal taxes $243 4 27 43 33 26 Government purchases Net private domestic investment Personal saving a. Gross private domestic investment (Ig) is = $ 72 33 20 b. Net Exports (Xn) is: $ c. GDP by the expenditure approach =C+ Ig + G+ Xn= $ d. NDP: $_ e. NI by making the required additions and subtractions from GDP is: $

QUESTION 19 Rachel, an Italian citizen, works only in Spain. The value she adds to production in Spain is included in both Spanish GDP and Italian GDP in neither Spanish GDP nor Italian GDP in Italian GDP, but is not included in Spanish GDP in Spanish GDP, but is not included in Italian GDP a. b. с. d. O a O b O c QUESTION 20 Table 2. Production of Country ABC milk (in gallons) Quantity Pizza Pies Price Quantity Price 2017 10 20 2 30 23 2.1 34 2018 12 26 2.15 37 2019 13 2.1 36 2020 13 23 Refer to Table 2. Using 2017 as the base year, the real GDP of 2018 is $ 298 $ 347.40 20. a. b. $ 57 С. d. $ 260