Data for the country of Upper Mongoose are given in the table below. All figures are in billions of dollars.CategoryValueNet exportsValue of new goods and services produced in the underground economy5080Personal consumption expenditures450Value of the services of stay-at-home parents30Gross domestic investment100Government purchasesTotal100810Instructions: In part a, enter your answer as a whole number. In parts b-c, round your answers to 2 decimal places.a. What is Upper Mongoose's GDP for the year?|billion.b. What is the size of the underground economy as a percentage of GDP?|percent.c. By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP?percent.

Data for the country of upper mongoose are given in the table . All figures are in billions of…

Answered: Category Value Net exports Value of new…

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the table of GDP and population for several imaginary countries. Countrv Wrigleyville Longhornland Dinkvtown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 183.0 115 175.00 559.0 2965 1.700 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 Ủ.S. dollars? Express your answer rounded to one decimal place. B. What is the GDP of Dinkytown in millions of Ủ.Š. dollars? Express your answer rounded to one decimal place.
Alada Belam Canson Country GDP $10,000 $20,000 $ Tij = 0.001 × [(Y₁ × Yj) / D¡j] Distance from: Alada 100 km 250 km Distance from: Belam If the trade volume between Alada and Canson equals to the trade volume between Alada and Belam, what is the expected GDP for Canson? a. 50,000 b. 25,000 c. 100,000 d. 40,000 100 km 100 km
1 of 10 In 1980, Denmark had a GDP of $70 billion (measured in U.S. dollars) and a population of 5.1 million. In 2000, Denmark had a GD U.S. dollars) and a population of 5.3 million. By what percentage did Denmark's GDP per capita rise between 1980 and 2000? 45.40% 119.95% O 128% 219%
1 Test A 2 (algo) Question Help The table provides some data on real GDP and the population of Iberia in 2014 and 2015. Real GDP Population (billions) Year (billions of pesos) If the growth rates of 2015 are maintained in future years, when will real GDP per person in Iberia double? 2014 180,000 300 2015 192,816 309 If the growth rates of 2015 are maintained in future years, real GDP per person in Iberia will O A. double by 2038 O B. double after 23 years OC. never double unless the population stops growing O D. double by 2033
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…
The economy produces only two general types of products: Apples, and Bananas. Price and Quantity information of these items over a period are shown below: Year 2019 Year 2020 Product Output Average Price per Unit Output Average Price per Unit Apples 14 $5 12 $16 Bananas 14 $20 14 $20 Using year 2020 as the base year, Growth rate of Nominal GDP from year 2019 to year 2020 is ______%. (Cut off at the first decimal point. eg: Suppose that your calculated answer is 9.98, then, write 9.9.)
7. Calculate the compound annual growth rates of goods exports and GDP of developed, developing countries, Canada and BRIC for the decade 2006-2016 (just use end years data to calculate the growth. Present your result either in a table or graphs. What do these growth rates tell about globalization vs. national economic growth rates for these groups? 8. How have US shares of Canada's exports, and imports of goods and services, and inward and outward FDI stock changed in the last two decades? Show with two graphs, one for trade and the other for FDI) Most of these data can be downloaded from World Bank, UNCTAD and CANSIM databases.
B. The table below lists Jamaica's transactions in 2007. Particulars $ Consumers' expenditure 100 000 Government expenditure 40 000 Gross investment 37 000 Value of increase in stock 2 000 Exports of goods 18 000 Imports of goods 17 130 Income paid abroad 7 400 Income received from abroad 7 900 Subsidies 1 390 Taxes on expenditure 1 740 Capital consumption 5 500 Calculate: i. GDP at market price 11. GDP at factor cost iii. GNP at factor cost iv. National Income at factor cost C. Comment on THREE (3) types of information that national income statistics provide.
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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?
Suppose real GDP per capita doubles in 5 years. Annual population growth rate = 2%. Annual inflation rate = 1.5%. Calculate the approximate annual growth rate of nominal GDP. (Round your answer to the nearest 1 decimal place) Answer: Annual growth rate of nominal GDP = __________%
Use the table to answer the questions. Round your answers to the nearest cent. Country A Country CountryGross domestic product (GDP) Population 7 trillion $1.25 trillion 350 million 50 million What is the GDP per capita for Country A? What is the GDP per capita for Country B? Which country has the largest average GDP per capita? Country A O Country B

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