Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Itspopulation was 150 million in 2014 and 155 million in 2015. On the other hand,Econland's real GDP was $200 billion in 2014 and $210 billion in 2015; and itspopulation was 53 million in 2014 and 55 million in 2015. Which of the followingstatements is true?A) Marketopia's and Econland's GDP per capita both decreased from 2014 to2015.B) Marketopia's GDP per capita increased from 2014 to 2015, while Econland'sdecreased.C)Marketopia's and Econland's GDP per capita both increased from 2014 to2015.D)Econland's GDP per capita increased from 2014 to 2015, while Marketopia'sdecreased.

GDP(gross domestic product) per capita is obtained by dividing the GDP by population. It is useful…

Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150 million in 2014 and 155 million in 2015. On the other hand, Econland's real GDP was $200 billion in 2014 and $210 billion in 2015; and its population was 53 million in 2014 and 55 million in 2015. Which of the following statements is true? A) O A) Marketopia's and Econland's GDP per capita both decreased from 2014 to 2015. B) Marketopia's GDP per capita increased from 2014 to 2015, while Econland's decreased. C) Marketopia's and Econland's GDP per capita both increased from 2014 to 2015. Econland's GDP per capita increased from 2014 to 2015, while Marketopia's OD) decreased.

Marketopia's real GDP was $520 billion in 2014 and $550 billion in 2015. Its population was 150 million in 2014 and 155 million in 2015. On the other hand, Econland's real GDP was $200 billion in 2014 and $210 billion in 2015; and its population was 53 million in 2014 and 55 million in 2015. Which of the following statements is true? A) O A) Marketopia's and Econland's GDP per capita both decreased from 2014 to 2015. B) Marketopia's GDP per capita increased from 2014 to 2015, while Econland's decreased. C) Marketopia's and Econland's GDP per capita both increased from 2014 to 2015. Econland's GDP per capita increased from 2014 to 2015, while Marketopia's OD) decreased.

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Consider the economy of the planet Navarro. In Navarro, domestic investment of 400 million imperial credits earned 15 million in capital gains during the year. In addition, Navarro purchased $160 million in new foreign assets and foreigners purchased $10 million in Navarro assets. Assume that the valuation effects total $5 million in capital gains. a. Compute the change in domestic wealth in Navarro. b. Compute the change in external wealth for Navarro. c. Compute the total change in wealth for Navarro. d. Compute domestic savings for Navarro. e. Compute Navarro’s current account. Is the CA in deficit or surplus? f. Explain the intuition for the CA deficit/surplus in terms of savings in Navarro, financial flows, and its domestic/external wealth position. g. How would an appreciation in Navarro’s currency (the imperial credits) affect its domestic, external, and total wealth? Assume that foreign assets owned by Navarroans are denominated in foreign currency.
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