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- Refer to the macroeconomic data from the Philippine Statistics Authority provided below to answer the next two (2) questions: Year 2019 2020 2021 GDP in million Php (Current prices) 19,517,863 17,951,573 19,410,568 GDP in million Php (2018 prices) 19,382,751 17,537,843 18,538,053 CPI (2012-100) 120.2 123.3 128.82020 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.COMPARE THE GDP OF BARBADOS AND JAMAICA IN RELATION TO UNEMPLOYMENT RATES
- The table provides some data for an economy in 2017 and 2018. Calculate labor productivity in 2017 and 2018. What is the growth rate of labor productivity in 2018? >>> Answer to 2 decimal places.Net interest is the interest paid out by US households and the government minus the interest income they received. True FalseNominal gross domestic product (GDP) is a poor measure of economic growth because it does not count investment by private businesses. overstates the importance of consumer spending. does not include government spending. ignores imports and exports. does not consider changes in prices or population growth.
- Instructions: Work with the exact data from the internet and please provide sources of those from where you have collected information.The chosen country is NEPALDiscuss how the country moved in the GNP per capita rankings and HDI rankings in the last three decades (1990-2020).a) What share of GDP was composed of consumption in 2013 and in 2020? Share of GDP composed of Consumption (2013)= [Consumption 2013/GDP 2013]*100 =(11496.2/16797.5)*100= 68.43% Share of GDP composed of consumption (2020)= [Consumption 2020/GDP 2020]*100 =(14143.3/20936)*100= 67.5% b) What share of GDP was composed of net exports in 2013 and in 2020? Share of GDP composed of Net Export (2013)= [Net Export 2013/GDP 2013]*100 =(2259.8-2757/16797.5)*100= -2.9% Share of GDP composed of Net Export (2020)= [Net Export 2020/GDP 2020]*100 =(2127.1-2772/20936)*100= -3.08% Based on your answers to above parts a and b, comment on how the total production in the U.S. using its scarce resources are distributed.Consider the following data on the Pakistan economy: Nominal GDP GDP Deflator Year (in billions of rupees) (base year 2012) 2018 21,501 111.4 1998 9,163 76.3 What was the growth rate of nominal GDP between 1998 and 2018? (Hint: The growth rate of a variable X over an N-year period is calculated as [(Xfinal/Xinitial)1/N – 1] x 100). What was the growth rate of the GDP deflator between 1998 and 2018? What was real GDP in 1998 measured in 2012 prices? What was real GDP in 2018 measured in 2012 prices? What was the growth rate of real GDP between 1998 and 2018? Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain.
- There are two economies: Mexico and the United States. On year 1, the Mexican economy produced $3000 billion dollars worth of goods and services. In that same year the U.S. economy produced $16,000 billion dollars of goods and services. From year 1 to year 2 the Mexican economy grew at 6% and the U.S. economy grew at 2.5%. This means that in year 2 the Mexican economy produced $ than it did in year 1, and that the U.S. economy produced $ and services more than it did in year 1. Fill in the correct numbers in the correct sequence from the choices below. 1.800; 4,000 18.000; 40,000 The answer is different from the other answers provided. 18:40 180; 400 billion more billion in goodsCalculate per capita real GDP for Silesia for 1994 and 2019.Consider the following data on the Pakistan economy: Nominal GDP GDP Deflator Year (in billions of rupees) (base year 2012) 2018 21,501 111.4 1998 9,163 76.3 What was the growth rate of nominal GDP between 1998 and 2018? (Hint: The growth rate of a variable X over an N-year period is calculated as [(Xfinal/Xinitial)1/N – 1] x 100). What was the growth rate of the GDP deflator between 1998 and 2018? What was real GDP in 1998 measured in 2012 prices? What was real GDP in 2018 measured in 2012 prices? What was the growth rate of real GDP between 1998 and 2018? Was the growth rate of nominal GDP higher or lower than the growth rate of real GDP? Explain.
