(real GDP) $ 2,000 2,100 2,200 (real GDP) $ 150,000 152,000 154,000 Year (population) (population) 1 200 500 2 202 505 210 508 58. Refer to the above table. Between years 1 and 2, real GDP grew by A) 3 percent. C) 5 percent. percent in Alta: B) 4 percent. D) 10 percent.
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- (real GDP) $ 2,000 2,100 2,200 (real GDP) $ 150,000 152,000 154,000 Year (population) (population) 了實ETT 1 200 500 2 202 505 3 210 508 58. Refer to the above table. Between years 1 and 2, real GDP grew by A) 3 percent. C) 5 percent. percent in Alta: B) 4 percent. D) 10 percent. 59. Refer to the above table. Between years 1 and 2, real GDP per capita grew by percent Alta: A) 3 C) 5 В) 4 D) 10 60. Refer to the above table. Between years 2 and 3: A) Alta's real GDP grew more rapidly than Zorn's real GDP. C) population growth reduced Alta's real GDP growth to zero. B) real GDP fell in ZoA D) population fell in Alta. 61. Refer to the above table. Per capita GDP was about: A) $105 in year 3 in Alta. C) $200 in year 1 in ZorA. B) $303 in year 3 in Zon D) $5 in year 2 in Alta.(b) The table below shows GDP at current prices (money GDP) and an appropriate price index (the implicit price deflator) for a group of selected years. Compute GDP at constant 2014-15 prices (real GDP). Also calculate real GDP growth. GDP at current prices Implicit price deflator GDP at constant 2014-15 prices Economic Growth Year ($ million) (2014-15 = 100) Calculation ($ million) 2013-14 783514 97.2 2014–15 838011 100 2015-16 892999 104.1 2016-17 967721 108.4 2017-18 984450 110.116. If South Africa’s GDP is greater than its GNI, then the income earned by foreign owners of companies and foreignworkers in South Africa is ________ the income earned by South Africans who have invested, or who areworking, abroad. (4 marks)A Greater thanB Added toC Subtracted fromD Less than
- (1A) Assume the economy of country C produces hotdogs and buns in the following quantities and prices in 2016 and 2017. Assume also that 2016 is the base year and the real GDP will be calculated using 2016 prices. What is the real GDP 2017? Hot Dogs Buns Quantity Price Quantity Price Year 2016 (base year) 20 million $2 15 million $1 Year 2017 22 million $3 16 million $2 (a)$90 million.(b)$98 million.(c)$60 million. (1B) In calculating GDP, which component of spending must be subtracted from total spending to account for the fact that not all private or public spending by U.S. households is directed to U.S. businesses? exports domestic imports (1C) The purchase of new capital goods by a business would fall under which component of GDP? (a)Investment(b)Government(c)ConsumptionComplete the table. Real GDP Consumption (C) $6,200 6,850 7,500 8,150 8,800 (Y) $8,000 9,000 10,000 11,000 12,000 Planned Investment (1) $1,500 1,500 1,500 1,500 1,500 Gov't Net Purchases Exports (G) (NX) $1,500 - $500 1,500 - $500 1,500 - $500 1,500 - $500 1,500 - $500 Planned Aggregate Expenditure Inventories $ $ 9,350 10,650 11,300 Unplanned Change in16 - Which of the following is the production value of a Turkish artisan who produces bread in Karabük? a) GDP B) net national income C) GDP D) GDP vs. GNP TO) Added Value
- Year Alta (Real GDP) Zorn (Real GDP) Alta (Population) Zorn (Population) 1 $3,000 $150,000 200 500 2 3,060 152,000 202 505 3 3,200 154,000 210 508 Refer to the table. Between years 1 and 2, real GDP grew by __________ percent in Alta.The economy of Fantasia produces only 2 goods namely Shoes and Computers. The total productionand average prices of shoes and computers are displayed in Table 2 attached. (a) Compute the nominal GDP of Fantasia for 2019 and 2020 (hint: calculate the total value ofproduction in each year) (b) Compute the real GDP of Fantasia in 2020 using 2019 prices1. There is a country, which is located in the south of the Mediterranean. This country's GDP is 500 billion USD and the population is 40 million. The total Used Electric Power capacity is 50 GW, the energy mix (electrical energy produced in one year by each primary source) is as follows; Hydro = 25 %, Photovoltaic = 5%, Wind = 10 %, Natural Gas = %40 and Coal = 20% a) Calculate the produced electrical energy by each primary sources for one year. b) Calculate the electrical energy consumed per capita and compare it with Europe average. c) The Electrical energy is 1/3 of the total energy consumed (TPES) in this country. Obtain the Energy intensity. d) Calculate the total CO₂emissions in one year while producing electricity.
- The country of Caspir produces only cereal and milk. Quantities and prices of these goods for the last several years are shown below. The base year is 2015. Prices and Quantities Year 2015 2016 2017 2018 Price of Cereal $4.00 $4.00 $5.00 $6.00 Quantity of Cereal 100 120 150 180 Refer to Table 23-5. In 2017, this country's Price of Milk $1.50 $2.00 $2.50 $3.50 O real GDP was $1250, and the GDP deflator was 138.9. O real GDP was $1250, and the GDP deflator was 128.0. O real GDP was $900, and the GDP deflator was 138.9. O real GDP was $900, and the GDP deflator was 128.0. Quantity of Milk 180 200 200 2401) The data below shows the value of economic activities of a country in year 2017. Items RM (Million) Agriculture and mining Construction Income from abroad Manufacturing Gas and electricity Banking and finance 250 650 200 350 300 150 240 Government services Wholesales and retails Freight and transportation Income to abroad Depreciation Subsidies Indirect taxes 170 190 530 90 124 270 Calculate: (a) Gross Domestic Product at market price. (b) Gross Domestic Product at factor cost. (c) Gross National Product at factor cost. (d) National Income.1. Econland's economy produces tax returns and lectures: Tax Returns (q) Lectures (q) Tax Returns (p) Lectures (p) Year 1 150 40 100 250 Year 2 300 15 110 150 Year 3 400 20 120 175 (a) Calculate Nominal GDP in each year. Using year 2 as the base year, calculate real GDP for each year. (b) Calculate the GDP deflator for each year. (c) Calculate the yearly inflation rates using the GDP deflator. What is the average yearly inflation rate?