In the kingdom of Dreamland, the following data were recorded for the past three years: Tax revenues GDP Year 1 2 -7 Year 2 -3 9 Year 3 4.5 10 Year 4 -6 11 The coefficient of correlation between revenues and GDP is approximately equal to: Изберете едно а. 0.79 O b. The two variables are not correlated С. -0.39 O d. -0.035

In the kingdom of Dreamland, the following data were recorded for the past three years: Tax revenues GDP Year 1 2 -7 Year 2 -3 9 Year 3 4.5 10 Year 4 -6 11 The coefficient of correlation between revenues and GDP is approximately equal to: Изберете едно а. 0.79 O b. The two variables are not correlated С. -0.39 O d. -0.035

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter7: Production And Growth

Section: Chapter Questions

Problem 5CQQ

See similar textbooks

Similar questions

The link between gross domestic product (GDP) and national income (NI) isSelect one from the following options. A)indirect business taxes, net foreign factor income, savings B)indirect business taxes, profit, investment C)indirect business taxes, net foreign factor income, consumption of fixed capital D)indirect business taxes, net foreign factor income, investment
The consumption portion of the demand measurement of GDP is the purchase of goods and services by: O firms. foreign buyers. O government. O households. DELL DII prt sc F10 home F11 F3 F4 F5 F6 F7 F8 F9 %23 %24 % & 3. 4 5. 6. 8. 6. E R T Y U F G H K
An economists estimate the govermment expenditure multipller to be Mgov-1.25. The current value of GDP is $15.18 trillion and the government is planning to increase spending by $800 billion (all in one year), the percentage increase in GDP using the multipler estimate of the economist is: 6.59% O 4.25% 5.75% 3.16%
If exports and imports is US are $450 mil- lion and $380 million respectively Calculate the value of net exports
Given the following income data, please answer the questions below: Real GDPConsumption IgGovernmentExportsImports$ 80000$120000$7000 $18000$6000$11000$160000$180000$7000 $18000$6000$ 11000$240000$240000$7000 $18000$6000$11000$320000$300000$7000 $18000$6000$11000$400000$360000$ 7000 $18000$6000$11000 a. Solve for net exports in each row.b. Solve for aggregate expenditures (AE) in each row.c . State the value for the equilibrium GDP. d. If imports were to increase by $40000 so they are now equal to $51000. solve for net exports again.e. With this new export value, solve for aggregate expenditures in each row.f. State the value for the new equilibrium GDP.g. Solve for the multiplier (you can solve for either the actual or simple multiplier).
Depreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.
in table plzz
Differentiate between GNP and GDP.Also Find out GNP at factor cost of thegiven data.The net domestic product at market price of an economy is Rs.4500cr. Thecapital stock worth Rs.4000cr and it depreciates at the rate of 10% per annum. Netindirect tax amount to Rs.130cr,factor income from rest of the world is 400cr. And torest of the world is 600 cr.
estion 6 Real GDP is best described as: A measure of a nation's output and employment holding wages constant. A measure of a nation's output at the current level of prices. A measure of a nation's prices holding output constant. 0 0.0 о A measure of a nation's output holding prices constant. A measure of a nation's prices at the current level of output. L Moving to the next question prevents changes to this answer. .:: JUL 19 tv 10 2
Personal Taxes $40 15 Social Security Contributions Taxes on Production and Imports Corporate Income Taxes Transfer Payments U.S. Exports Undistributed Corporate Profits Government Purchases 20 40 22 24 35 90 75 22 Gross Private Domestic Investment U.S. Imports Personal Consumption Expenditures 250 Consumption of Fixed Capital Net Foreign Factor Income Statistical Discrepancy 25 10 Refer to the data. Pl is: 1) $402. 2) $346. 3) $314. 4) $408.
The table below gives the price and consumption (usage/sales) for two products xand yfor four years. Using year 2000 as the base year calculate for each year, thea) Basic expenditure index b) Laspeyers price index, and c) Paasche price index
Year 2001 2002 2003 2004 2005 Output Price Nom. GDP Real GDP 50 $23.00 $1,150.00 $1,350.00 52 $ 27.00 $1,404.00 $1,404.00 53 $ 30.00 $1,590.00 $1,431.00 51 $ 34.00 $1,734.00 $1,377.00 56 $31.00 $1,736.00 $1,512.00 Was the economy better off in 2003 or 2004? Explain