im taking a macroeconomics course and we are working on free graphs I need some help writing a little over a paragraph on details and patterns noticed on the graph between the countries and things that happened in the real work-based of the time on the graph thank you!!!!
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- omework /tlow/connect.html X work i Saved he following table gives the gross domestic product (in dollars) adjusting for different price levels in different countries. GDP per capita in 2015 (thousands of dollars per person) Country 55.8 United States 17.5 Mexico 6.2 India Source: International Monetary Fund. April 2016 % Instructions: Enter your responses rounded to one decimal place. Calculate Mexico's GDP per capita as a percentage of U.S. GDP per capita. % a) Calculate India's GDP per papita as a percentage of U.S. GDP per capita. b)Imagine the GDP per capita of a country doubles every one hundred years. What would the shape of a linear-scale graph and a ratio-scale graph be? Select one or more: a. Linear scale: an upward-sloping curve with increasing slope (called convex shape) Ratio scale: an upward-sloping straight line b. Linear scale: an upward-sloping straight line Ratio scale: a straight horizontal line c. Linear scale: an upward-sloping straight line Ratio scale: an upward-sloping curve with decreasing slope (called concave shape) d. Linear scale: an upward-sloping convex curve Ratio scale: an upward-sloping convex curveUse the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product) at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.
- Use the graph below to determine which of the following statements is true: -Real gross domestic product per capita FRED 40,000 Chained 2012 Dollars 5,000 40.000 30,000 10,000 1950 1000 1970 1000 1000 shaded rindate US recens Source U.S. Bureau of Economic Analysis 2000 2010 2030 fredstiouifed.org Real GDP per capita has increased every year during the time period shown. O The average American in the year 2021 could buy about four times as many goods and services as the average American in 1947. O The average American in 2021 is both four times better off and can buy four times as much as the average American in 1947. O The average american in the year 2021 is four times better off as the average American in 1947.Dollars (trillions) 25 20 15- 10- 0 -5 11 Expenditure components of nominal GDP 1950 GDP (Y) Consumption (C) Investment (1) Government spending (G) Exports (X) Imports (M) 1960 Figure Data Notes 1970 198 1990 2000 2010 The following will refer to the data table in the chart above, to access the data table for this graph you will need to click on the data button at the bottom of the chart. In Q2 of 2008 which of the following were above 9 trillion dollars (annualized)? Select the two correct answers.1) Please answer the questions related to graph below: 30,000 Britain Japan Italy 25,000 China India 20,000 15,000 10,000 5,000 1000 1200 1400 1600 1800 2000 Year a) What economist call the shape of the line above and why? b) What does it mean Gross Domestic Product (GDP) per capita? c) How do we calculate GDP per Capita? d) What is the difference between GDP per capita and disposable income? e) We observe a sustained growth in average living standards since 1700 in above graph. How did this happen? GDP per capita
- Principles of Macroeconomics "T1301102" Student name: First Exam- PART2, 13/0372021 St # Question (20 points) Refer to the table below, answer the questions that follow: Personal consumption expenditures Government purchases- Net private domestic investment Exports Imports Depreciation Receipts of factor income from the rest of the world Payments of factor income to the rest of the world 600 100 200 50 -60 40 30 50 1 The value for GDP is 2. The value for GNPIS 3. The value for NNP is 4. The value of NI is (30 points) Question 2 A- Discuss therelationship between ourput, unemployment, & inflation.Refer to the diagram to answer the following: a. The movement from point A to point B represents: b. The movement from point B to point C represents: c. The movement from point A to point C represents Real GDP per hour Worked Y/L ($, 000) 1,000 900- 800- 700- 600- 500- 400 200- 100- Aggregate Production 0 ljuds 300-midifi E Tommyformemberit A 8 D 20 40 00 80 Capital per hour worked K/L (5,000) 100 O QRetrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)
- (1) Use the data from the following table to calculate the GDP per capita of each country. The GDP per capita for Estonido and for Galicia in 2018 is Country Year GDP (billions in U.S. $) Population (millions) Estonido 2017 525.50 73 Galicia 1,658.00 118.25 Estonido 2018 721.75 78 Galicia 1,724.30 121.8 (a) $925 for Estonido and $1,412 for Galicia in 2017. (b) $9,253 for Estonido and $14,157 for Galicia in 2017. (c) $7,199 for Estonido and $14,021 for Galicia in 2017. (2) When calculating GDP as the sum total of all spending, which of the following should be included? (a) government purchases of labor, goods, and services. (b) government transfer payments. (c) savings. (3) For productivity to increase (a) the total number of hours worked has to increase. (b) the value of the production per hour worked has to increase. (c) the total production or output has to increase.Download the USA GDP data in the last 70 years from FRED. Make a table showing the average growth rates in the last 70, 60, 50, 40, 30, 20 years and using these figures interpret the course of USA potential GDP growth through time. Do you think this is a good way to assess the development of potential GDP? Why/why not? Can you drive graph?t of curvenc ce of cure.. mce of curre ce of curre ence of c ck cyk ocurrency of currency... my risk recap to search KNOWLEDGE CHECK On June 23, 2016, the United Kingdom voted to leave the European Union. The white line shows the U.K.'s main equity index, the FTSE 100, from the start of 2016 to the date on which the U.K. government notified the European Union of its intent to leave. The orange line shows the number of dollars it takes to buy one pound sterling. The United Kingdom is a net importer, meaning the value of imports exceeds the value of exports. What can be reasonably surmised from the chart about large U.K. corporations? Click to open/close chart. They are probably heavy exporters. They are probably heavy importers. Their CEOs probably voted to leave the E.U. Their CEOs probably voted to remain in the E.U.