For a country, we have given the following figures for different variables for the year 2016 and 2016, respectively year 2020. All national accounts figures are expressed in NOK billion. a) Calculate the following quantities: 1) the country's disposable income in 2020. 2) the country's savings in 2020. 3) the country's imports in 2016.
Unitary Method
The word “unitary” comes from the word “unit”, which means a single and complete entity. In this method, we find the value of a unit product from the given number of products, and then we solve for the other number of products.
Speed, Time, and Distance
Imagine you and 3 of your friends are planning to go to the playground at 6 in the evening. Your house is one mile away from the playground and one of your friends named Jim must start at 5 pm to reach the playground by walk. The other two friends are 3 miles away.
Profit and Loss
The amount earned or lost on the sale of one or more items is referred to as the profit or loss on that item.
Units and Measurements
Measurements and comparisons are the foundation of science and engineering. We, therefore, need rules that tell us how things are measured and compared. For these measurements and comparisons, we perform certain experiments, and we will need the experiments to set up the devices.
For a country, we have given the following figures for different variables for the year 2016 and 2016, respectively
year 2020. All national accounts figures are expressed in NOK billion.
a) Calculate the following quantities:
1) the country's disposable income in 2020.
2) the country's savings in 2020.
3) the country's imports in 2016.
4) the
tax details given inthe picture
![2016
2020
Net national product
6800
7100
Nominal GDP
8000
8500
Private consumption
2500
2800
Public consumption
3500
3800
The GDP deflator
100
104
Profit on the operating accounts abroad
Exports
Property income, salaries and current transfers from abroad, net
200
250
300
350
- 10
20
Labor force
2800000
2850000
Number of employees
2620000
2610000](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fa334e9ed-0ae3-467a-90df-c1d973894e9a%2F9162c19a-f496-40a8-b3a2-2f4fab1f343a%2F99bni6c_processed.jpeg&w=3840&q=75)
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