From the data in this table, what would A be in 2021?CapitalPopulation Workers GDPReal GDPYear(2021 valuesCPI(millions)(millions) Deflator(millions)in millions)202110050115$10,000,000 6,000,000 2752071200100250$20,000,000 30,000,000 515A = level of technology

Technology: It refers to the innovations and practical processes that help the individual to ease…

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ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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If the nominal GDP is 900 and The Price index is 180 calculate the real GDP
d. Identify and explain the most likely type of unemployment that resulted in an increase in the unemployment rate in 2020. e. Using the most relevant macroeconomic variable(s) in the table, identify the Central Bank response to address macroeconomic issues in 2020. f. Using the data in the table analyse the effectiveness of Central Bank's policy in addressing aggregate demand. g. Determine with the aid of diagram(s) the intended macroeconomic impact of the monetary policy measure employed by the Central Bank on national income.
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…
Use the following to answer questions 1-6: Working Age Population Labor Force # of Employed 1. What is the number of unemployed in year 1 in Table 6.1? (A) 60 million. (B) 5 million. 3. What is the unemployment (A) 57.1 percent. Population and labor force data Year 1 140 million 80 million 65 million 2. What is the number of unemployed in year 10 in Table 6.1? (A) 17 million. (B) 78 million. 4. What is the unemployment (A) 86.3 percent. (C) 15 million. (C) 13 million. (B) A positive relationship. (C) No relationship. (D) A negative relationship. rate in year 1 in Table 6.1? (B) 46.4 percent. (C) 18.75 percent. rate in year 10 in Table 6.1? (B) 13.7 percent. (C) 51.3 percent. 5. What is the labor-force participation rate in year 1 in Table 6.1? (A) 9.3 percent. (B) 81.3 percent. (C) 46.4 percent. 6. What is the labor-force participation rate in year 10 in Table 6.1? (A) 59.4 percent. (B) 8.1 percent. (C) 86.3 percent. Year 10 160 million 95 million 82 million (D) 75 million. (D) 65…
1. The multiplier effect of a change in government purchases Consider a hypothetical closed economy in which households spend $0.80 of each additional dollar they earn and save the remaining $0.20. The marginal propensity to consume (MPC) for this economy is and the spending multiplier for this economy is Suppose the government in this economy decides to decrease government purchases by $300 billion. The decrease in government purchases will lead to a decrease in income, generating an initial change in consumption equal to This decreases income yet again, causing a second change in consumption equal to The total change in demand resulting from the initial change in government spending is The following graph shows the aggregate demand curve (AD₁ ) for this economy before the change in government spending. Use the green line (triangle symbol) to plot the new aggregate demand curve (AD2) after the spending multiplier effect takes place. Hint: Be sure that the new aggregate demand curve…
2020 Q1 GDP (billions of 2010 NZ Dollars) 63.8 2020 Q1 GDP (billions of 2020Q1 NZ Dollars) 79.2 2020 Q2 GDP (billions of 2010 NZ Dollars) 57.5 2020 Q2 GDP (billions of 2020Q2 NZ Dollars) 71.2 2020 Q1 CPI (2017 Q2 = 100) 105.2 2020 Q2 CPI (2017 Q2 = 100) 104.7 Calculate Africa's nominal GDP growth rate between the first and second quarters of 2020.
Year Nominal GDP Economic Growth Workers GDP Deflator Capital Population CPI M1 Inflation (with GDP Deflator) 2019 $22,000,000 2.10% 100 110 20,000,000 200 300 $4,000,000 1.10% 2069 $384,000,000 2.80% 150 320 60,000,000 300 1200 $40,000,000 2.90% As you might expect from the increase in nominal GDP compared to the increased in the GDP deflator, real GDP grew over these projected 50 years. Also, population growth was modest given the span of 50 years. Will all of this in mind, by how much did real GDP per person grew on average over these 50 years? Don't forget that this will be an annual growth rate. Please show your work and explain you reasoning. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism. Answer completely. You will get up vote for sure.
1. Calculate the per capita value for each situation to two decimal places. a)Number of new cars sold in Ontario in 2017: 312 000. Number of Ontario drivers: 1 200 00 b) Gross federal government debt in 2017: $618 790 000 000.Canada's population: 33 100 00 Gini Index for Ontario, 1995–2005 2. The graph shows the Gini Index for Ontario, 50 which is a measure between 0 and 100 of the 45 degree of inequality in the distribution of 40.0 39.6 39 2 40 37.7 38.2 income. A Gini Index of close to 0 indicates 39.1 39.2 39.4 35 that most members of the population receive close to the same income. A Gini Index of close to 100 indicates that a few people in the population receive most of the income. 25 20 a) By what factor has the index changed from 3 15 1995 to 2005? 10 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 Year b) What was the percent change in the Gini Index from 1995 to 2004° 3. A study stated that 85% of Canadian college graduates 22 to 24 years of age are employed…
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The populations of Abu Dhabi (National, Non-National, and Total) and UAE are shown in the following table Year Abu Dhabi UAE Nationals Non-nationals Total 1980 89880 361,056 1985 114090 430,054 1990 185944 556,389 1995 218716 719,836 2000 282,396 846,267 2005 343237 1,049,207 1,016,789 1,350,433 1,811,457 2,350,192 3,050, 127 4,481,976 What are the average annual population growth rates in Abu Dhabi (National Non-National, Total) and in the UAE during 1980-1985, 1985-1990, 1990-1995, 1995-2000 and 2000-2005? Only give the answer for the underlined groups.
Question 29 Table below provide the data of real GDP, CPI and Population of UAE of the last two years. Year GDP (billion AED) CPI (base 2014=100) Population (million) 2018 1461 111.1 9.367 2019 1511 109 9.504 Find the followings from the given data for UAE: 1. Real GDP growth rate 2. Inflation 3. Population growth rate 4. Real GDP per capita
2020 Q1 GDP (billions of 2010 NZ Dollars) 63.8 2020 Q1 GDP (billions of 2020Q1 NZ Dollars) 79.2 2020 Q2 GDP (billions of 2010 NZ Dollars) 57.5 2020 Q2 GDP (billions of 2020Q2 NZ Dollars) 71.2 2020 Q1 CPI (2017 Q2 = 100) 105.2 2020 Q2 CPI (2017 Q2 = 100) 104.7 Calculate Africa's real GDP growth rate between the first and second quarters of 2020.

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From the data in this table, what would A be in 2021? Capital Population Workers GDP Real GDP Year (2021 values CPI (millions) (millions) Deflator (millions) in millions) 2021 100 50 115 $10,000,000 6,000,000 275 2071 200 100 250 $20,000,000 30,000,000 515