Following the instruction above to find the missing values of Al to A4. (Give your answer correct to 2 decimal places) а. b. Based on the table above, calculate the population size, real GDP growth rate and nominal GDP growth rate of Hong Kong in 2020. Show your workings. (Give your answer correct to 2 decimal places) Based on the result in part b, what can you infer about the inflation rate of Hong Kong in 2020, positive or negative? Show your working. с.
Following the instruction above to find the missing values of Al to A4. (Give your answer correct to 2 decimal places) а. b. Based on the table above, calculate the population size, real GDP growth rate and nominal GDP growth rate of Hong Kong in 2020. Show your workings. (Give your answer correct to 2 decimal places) Based on the result in part b, what can you infer about the inflation rate of Hong Kong in 2020, positive or negative? Show your working. с.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
sub abc have been solved, pls help me D and E, thank you.
A1=2710.336
A2=2659.384
A3=386,455.172
A4= 378,225.721
b) Real GDP growth rate in 2020 =(2671.57−2844.56)/2844.56*100= −6.08%
Nominal GDP growth rate in 2020=(2688.54−2844.56)/2844.56*100)= −5.48%
population size= Real GDP/ Real GDP per capita
= 2,671.569 billions/359647.43unit=0.0074 billion
c) Inflation rate increment on the grounds that An increment in inflation implies that costs have risen. With an expansion in inflation, there is a decrease in the buying influence of cash, which lessens utilization and thusly GDP decreases. from the information we can see GDP decreases.
Transcribed Image Text:Statistics
Units
2016
2017
2018
2019
2020
Real GDP
National
A1
2,813.09
2,893.16
2,844.56
2,671.57
(billions)
currency
National
Nominal GDP
2,490.44
A2
2,835.12
2,844.56
2,688.54
(billions)
Real GDP per
currency
National
367,398.57 379,474.85
АЗ
378,225.72 359,647.43
сapita
currency
National
Nominal GDP
337,590.38 358,741.15 | 378,702.58
A4
361,931.53
per capita
Unemployment Percentage
currency
3.393
3.127
2.815
2.932
5.828
rate
Source: International Monetary Fund, World Economic Outlook Database, October 2019
Following the instruction above to find the missing values of A1 to A4.
(Give your answer correct to 2 decimal places)
а.
b.
Based on the table above, calculate the population size, real GDP growth rate
and nominal GDP growth rate of Hong Kong in 2020. Show your workings.
(Give your answer correct to 2 decimal places)
Based on the result in part b, what can you infer about the inflation rate of
Hong Kong in 2020, positive or negative? Show
с.
your working.
d.
Based on the table above, what can you infer about the population growth rate
of Hong Kong in 2020, positive or negative? Briefly explain your answer.
Given that the average unemployment rate of Hong Kong from 2011 to 2020
is 4.59%. In 2018, which phase of the business cycle best describes Hong
Kong's economic situation? How about that in 2020? Briefly explain your
е.
answers.
Transcribed Image Text:v 12 v A A
自動換行
通用格式
山填滿v
X剪下
新細明體
格式
條件式格式 格式化為儲存格
設定。
插人
刪除
临複製、
貼上
BIU a
A + v
國跨欄置中
表格、 樣式
清除。
《複製格式
樣式
儲存格
編輯
對齊方式
數值
反
字型
員原
剪貼簿
不要再顯示
另存新檔..
可能發生資料遺失如果將活夏簿儲存為文字(bxt) 格式,會這失部分功能,若要保留這些功能,請將活夏簿儲存為 Excel 檔案格式,
v : Xv fx
K
M
E
F
A
2020 Estimates Start After
2,671.57
2,688.54
359,647.43
361,931.53
Scale
Country/S
2016
2017
2018
2019
Units
1 Country Subject Descriptor
2 Hong Kon Gross domestic product, constant prices
3 Hong Kon Gross domestic product, current prices
4 Hong Kon Gross domestic product per capita, constant prices
5 Hong Kon Gross domestic product per capita, current prices
6 Hong Kon Unemployment rate
2020
2,813.09
2,659.38
379,474.85
358,741.15
3.127
2,844.56
2,844.56
386,455.17 378,225.72
378,702.58 378,225.72
2.932
2,893.16
2,835.12
2,710.34
2,490.44
367,398.57
337,590.38
National currency
Billions
Source: Na
2020
Billions Source: Na
National currency
National currency
National currency
2020
Units
See notes
2020
Units
See notes I
Percent of total labor force
Source: Na
3.393
2.815
5.828
2020
8 International Monetary Fund, World Economic Outlook Database, October 2021
9.
10
11
12
13
14
15
16
17
18
19
20
21
22
23
WEO Data
p在這裡輸入文字來搜尋
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16:3
英
15/12/2
ideapadGAMING
Esc
F2
F3
F4
F5
F6
F7
F8
F9
F10
F11
F12
Insert
PnSc
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Home
End
lili
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