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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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?
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
Question 4 India has a GDP equivalent to of 2,000 billion rupees. The exchange rate is 20 rupees per U.S. dollar. The Indian population is 20 million. Calculate the per capita GDP of India in U.S. dollars. $5 $5000 $100,000 $500 Question 5 2.5 pts NAW 2.5 pts
Real and Nominal GDP jenergy drinks 2 video games year 1 price year 1 output year 2 price year 2 output 40 100 500 40 2.5 120 550 year 3 price year 3 output 45 2.5 150 600 Based on the table "Real and Nominal GDP," if year one is the base year, then the real GDP in year three, is A) 7200 В) 8250 С) 1050 D) 7500 E) none of the above
Problem 1 Given the following table: $Billions 40 Depreciation Receipts of factor income from the rest of the world Government purchases Imports Payments of factor income to the rest of the world Net private domestic investment Personal income taxes 30 100 50 50 200 120 Personal consumption expenditures Dividends 600 20 Exports Amount of national income not going to households 60 20 Calculate: 1- GDP 2- GNP 3- NNP 4- National Income 5- Personal Income 6- Disposable Income
This question considers GDP in a country in a single year. Which of the following statements are correct? Select one or more: a. GDP can be measured by adding up the value of all production by all industries. b. GDP can be measured by adding up all factor incomes paid in an economy c. GDP can be measured by summing the total value added by all industries. O d. GDP in expenditure terms can be measured as the sum of C+l+G+X
on 1 on 2 on 3 on 4 on 5 + Which country had the largest increase in per caps real GDP bate 2013 and 2020 OAB BA De C OO. D Country . O D 2018 Real COP (M) $254300 144.300 106.700 200 800 2020 Real 2018 2020 GOP (Mina) Population Mora Population (M) 1156.300 174.700 184,300 222.500 187.15 37:30 453 114.45 PMR 40 37.80 700 11425
QUESTION 2 ‘GDP is the most commonly used measure of output, but it leaves some things out.’ Based on the above statement, describe any FIVE (5) limitation to measure gross domestic product.
Question 5 From the information from XYZ Highland below, 1 2 3 4 5 6 7 8 Goods Production Price Per Unit GDP in Year 1 in current Dollar GDP in Year 2 using Year 1 as base year GDP in Year 1 using Year 2 as base Year GDP in Year 2 in current Dollar Q1 Q2 P1 P2 A 6 11 $0.50 $0.40 B 7 4 0.30 1.00 C 10 12 0.70 0.90 Total Calculate the Nominal GDP for Year 1 and Year 2 Calculate the Real GDP for Year 1 and Year 2 XYZ Highland. What is the percentage change in real GDP for Year 1 and 2
Given the following natinonal data all figure in billion. Gross domestic product.............6145 Payments to Tanzania who empoly resources......126 Payments to foreign owned resources employed in Tanzania...........177 Capital consumption allowance.......... 661 Indirect business taxes and subsidies.......579 Government transfer payment............... 884 Undistributed corporate profit and corporate income tax....................... ....561 Individual taxes and non tax payments..................655 Compute 1.Gross national product at market price 2.Net national product at market price 3.personal income 4.Disposable income
CS 16 Economics suppose that the GDP of california increases by 8.0% each year. how long will it take for the GDP of California to double? round your answer to one digit after the decimal. _______years suppose that the gdp of oregon today is exactly twice what it was 32 years ago. what was the average annual growth for oregon over this time period? round your answer to one digit after the decimal. _____________% each year.

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