Table 1. Export, Import and GDP in selected countries in 2018Import (currentUSD, bln)380.1906.3Export (currentUSD, bln466.3GDP (current USD,bln)705.1SwitzerlandJapanData source: https://wits.worldbank.org/CountryProfile/en/Country/CHE/Year/LTST/917.94,954.8Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure.Compare the results for two countries and discuss if a low value indicate that a country is closed totrade with the outside world.

Country Import EXPORT TRADE(IMPORT+EXPORT) GDP Switzerland 380.1 466.3 846.4 705.1 Japan 906.3…

ry/CHE/Year/LTST/ Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world.

ry/CHE/Year/LTST/ Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world.

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 25CTQ: Cross country comparisons of GDP per capita typically use purchasing power parity equivalent...

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Cross country comparisons of GDP per capita typically use purchasing power parity equivalent exchange rates, which are a measure of the long run equilibrium value of an exchange rate. In fact, we used PPP equivalent exchange rates in this module. Why could using market exchange rates, which sometimes change dramatically in a short period of time, be misleading?
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral -8,349 transfers Capital account -63 Net acquisition of 20,972 financial assets Net incurrence of 54,471 liabilities Financial derivatives Statistical discrepancy Based on the table above, the statistical discrepancy is -21.,609 21,546 O 21,609 O-21,546
The Czech Republic has a GDP of 1,800 billionkoruny. The exchange rate is 25 koruny/U.S. dollar. TheCzech population is 20 million. What is the GDP percapita of the Czech Republic expressed in U.S. dollars?
Current Account Value Exports of goods 107,941 Exports of services 44,133 Primary income receipts 36,063 Imports of goods 132,484 Import of services 29,443 Primary income payments 29,750 Net unilateral transfers -8,349 Capital account -63 Net acquisition of financial assets 20,972 Net incurrence of liabilities 54,471 Financial derivatives 0 Statistical discrepancy Based on the table above, the statistical discrepancy is Group of answer choices -21.,609 21,546 21,609 -21,546
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If you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions personal taxes (direct taxes ) 125 410 Imports 350 Rent 250 income of foreigners inside Jordan 450 Exports 145 retained (undistributed) profit 70 Interest 360 Depreciations transfer payments 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 corporate taxes 275 Government expenditures 740 Profit 475 According to the above information answer the following questions: 1. find the following values related to GDP accounts : Gross domestic product (GDP) according expenditure approach = Net domestic product (NDP) = Domestic income (DOI) = Gross national product (GNP) = Net national product (NNP) = National income (NI) = Personal income = • Disposable personal income (DPI) = • household savings (S) = Cash Dividends ( distributed profit) = 2. Find the Gross Domestic Product (GDP) according to…
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The following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income…
The following data represents the national income account for a country for 2017. All figures are in RM million Compensation Of Employee 588 888 Household consumption expenditure 258431 Tax On Employment 70 667 Government Finał Purchases 85 773 Transfer Payment 53 274 Domestic Private Gross Investment 71 394 Corporate Profits 177 821 Dividend Payment 9 247 Corporate Profit Taxes 85 354 Indirect Taxes 67 980 Government Subsidy 5 762 Exports 107 506 imports 112 030 Income Received From Abroad 21 030 Income…