Classify each of the following as IN AFRICA's 2020 GDP or NOT IN AFRICA's 2020 GDP. Crude oil (used in the production of gasoline) produced in 2020:   IN AFRICA 2020 GDP NOT IN AFRICA 2020 GDP Oil produced by an AFRICA company in AFRICA in 2020 (and sold to consumers):   IN AFRICAs 2020 GDP NOT IN AFRICA 2020 GDP Oil produced by AFRICA-owned companies outside of AFRICA (and sold to consumers) in 2020:   IN AFRICA 2020 GDP NOT IN AFRICA 2020 GDP

Q: For the following question , please indicate whether current GDP of the United States will be…

A: Gross domestic product is the aggregation of the value of goods and services produced in the…

Q: A Minnesota farmer buys a new tractor made in Iowa by a German company. As a result,   U.S.…

A: The Gross Dome­stic Product (GDP) quantifies the total economic output and value of goods and…

Q: The following table shows macroeconomic data for a hypothetical country. All figures are in billions…

A: Gross domestic product (GDP) is the money value of all final goods and services produced in a…

Q: onsider a small country that produces and consumes only two goods: coffee and bananas. The quantity…

A: Nominal GDP is that GDP which is calculated on current year price level. Real GDP is that GDP which…

Q: Consider the table of GDP and population for several imaginary countries. Country GDP in millions…

A: Introduction GDP states the total market value of all final goods and services produced in a year in…

Q: Use the information in the table to answer the following questions. All numbers are in billions of…

A: Aggregate spending is the sum of consumption, investment, government spending and net exports in an…

Q: What was country Krugeveaux's consumption in 2019?

A: Consumption spending is the sum of household purchases of durable goods, household purchases of…

Q: Which of the following best defines aggregate demand? It is the total amount spent by all consumers,…

A: National income refers to the total amount of money earned within a nation.

Q: Based on the following data, GDP would equal while Net National Product equals. in Billions…

A: The term "Gross Domestic Product" refers to the total monetary value of all final goods and services…

Q: Figure above shows statistics on Real GDP in Qatar ($billions) from 2012 to 2020, in addition to…

A: Answers given below,

Q: Explain the two main difficulties that arise in comparing the GDP of different countries. Which…

A: There are three manners by which this action can be evaluated, income, consumption, and worth…

Q: The following table contains data for country A for the year 2019. In Billions of Dollars $1,293…

A: Gross domestic product is the summation of a country's final goods and services. The increase in GDP…

Q: What term is used to describe the total value of all the goods and services produced in a country…

A: The issue is to distinguish the right financial term that addresses the complete worth of all labor…

Q: The following table (attatched) lists 2015 GDP per capita for four countries. The data are given in…

A: Purchasing power refers to an adjustment performed on the rate of adjustment in an approach that the…

Q: According to the East Asia and Pacific Economic Update published by the World Bank in  April 2015,…

A: 1. A) A global economic recovery increasing China's exports means higher foreign demand for Chinese…

Q: According to the figure showing 2020 GDP for selected countries, how much larger (in percentage…

A: GDP is the sum total of market value of final goods and services produced in a country during a…

Q: "Italy includes cocaine, prostitution and black market alcohol in GDP figures" (The Independent,…

A: A crucial economic parameter known as the gross domestic product determines the total value of all…

Q: Answer the following questions from the given Table below which contains data for Saudi Arabia for…

A: Under the expenditure approach, the sum of amount spent by the household sector, business sector,…

Q: Which of the following statements best describe how economists calculate GDP? Group of answer…

A: Gross domestic product is one of the methods of national income accounting.

Q: As an economist with the World Bank you have been asked to measure the Gross Domestic Product for…

A: Gross domestic product (GDP) measures the market value of final goods and services produced by an…

Q: You work for a pharmaceutical multinational enterprise (MNE) that sells flu shots, which re…

A: 4) The data shows that the firm needs a large population or large scale to be viable than…

Q: The following table lists 2012 GDP per capita for four countries. The data are given in the national…

A: Purchasing power parity (PPP) is the rate at which the currency of one country has to be converted…

Q: Based on the GDP information in the table below for 2 countries:   Country A Country B GDP per…

A: A developed economy is one that is found in a developed country with a high level of economic growth…

Q: Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150…

A: GDP(gross domestic product) per capita is obtained by dividing the GDP by population. It is useful…

Q: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million.…

A: South Africa has a GDP of $10 billion (measured in U.S. dollars) and a population of 45 million. GDP…

Q: Nation A's real GDP was $520 billion in 2015 and $550 billion in 2016. Its population was 150…

A: Gross domestic product refers to final value of all goods and services produced in a territory of a…

Q: In 1980, Denmark had a GDP of $90 billion (measured in US dollars) and a population of 6.1 million.…

A: Given: Denmark GDP in 1980 = $90 billion Denmark population in 1980 = 6.1 million Denmark GDP in…