Since each country's real GDP is measured in a different currency, before one can compare the real GDPS of different countries, it is necessary to use OA. the producer price index (PPI) for a uniform price level. OB. the consumer price index (PPI) for a constant price level. O C. the open market operation (OMO) for international price level. D. the purchasing power parities (PPPs) as a currency converter.
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- In the US, the Bureau of Economic Analysis (BEA) reports the following information about the US economy for the years 2010 - 2016. All dollar figures are in trillions and have been rounded to the nearest trillion. Some entries are missing from the table. Let's see if you can figure out one of these missing values. 2010 2011 2012 2013 2014 2015 2016 Current-dollar GDP 15.0 15.5 16.2 16.8 17.5 18.2 18.7 GDP in chained 2012 dollars 15.8 16.5 16.9 17.7 chained growth rate of GDP (%) 2.6 1.6 2.5 2.9 1.6 What was real GDP in 2015? a) 16.9 x 1.029 = 17.4b) 16.9 x 1.025 = 17.3c) (16.9 + 17.7)/2 = 17.3d) 17.5 x 1.029 = 18.0Revise Core chapter 1.2 for the next four questions. Do not include the dollar sign in your answers. Fruitland has a very simple economy: it produces just apples and oranges. It has no imports and exports Apples Oranges Quantity in year 1 Price in year I 50 100 $1.00 $0.80 Quantity in year 2 Price in year 2 80 120 $1.25 $1.60 Using the table above, what was Fruitland's nominal GDP in year 1? Answer:The table below shows nominal GDP, exports, and imports for the United States. Nominal GDP, Exports, and Imports Year 2015 2016 Nominal GDP Exports Imports (billions of (billions of (billions of dollars) $2,308.0 2,334.1 LA dollars) $16,981.9 17,601.1 Instructions: Round your answers to one decimal place. If you are entering a negative number include a minus sign. a. Calculate the value of net exports in 2015. billion b. Calculate the value of net exports in 2016. billion dollars) $2,759.7 2,878.3
- For the following question , please indicate whether current GDP of the United States will be affected and, if so, by how much .In each case, indicate also which component(s) of GDP will be affected and by how much This month, a manufacturer in colorado sells $60,000 worth of t-shirts to a distributor in New York City, who sells them to the public. Then the New York distributor buys corporate bonds for a value of $10,,000, which promise to return $9400 one year from now.Calculate the following using information from the table below: i. GDP at Market Price ii. GNI at market price iii. Net National Income iv. National Disposable Income Purchase of mask by households Clothing Purchase of food to be used by households Investment in housing Change in inventory Building of new public hospital Import Export Tax Subsidies Salaries to workers abroad Compensation from workers abroad Depreciation Net Current transfer 12,000 45,500 20,000 100,000 10,000 2,000,000 5,000 75,000 4,000 1,000 7,500 3,500 300 1,5001) India's Economic Survey - a document published by the Ministry of Finance, Government of India – provide following information for the Indian Economy for the fiscal year 2010 – 11. GDP at Factor Cost (Current Price in Rs. Crore) Saving Investment Consumption Current Account Balance Exports Imports WPI Consumer Price Index – Industrial Worker (CPI - IW) Source: Economic Survey 2010 – 11, Government of India 7,157,412 32% of GDP 35% of GDP 62% of GDP -2.7% of GDP 15% of GDP 23% of GDP 9.6% 10.4% Interpret the numbers and then explain the macroeconomic scenario of the Indian economy for the fiscal year 2010 – 11.
- Consider the following information about the country Westeros and the country Essos. The currency shared by Westeros and Essos is named the Gold Dragon (GD) and each country's GDP is quoted for the same year. Westeros has a nominal GDP of 10,000 GD. Esso has a nominal GDP of 20,000 GD. Can I conclude that the standard of living in Westeros is lower than the standard of living in Essos? Why or why not?for the following question , please indicate whether current GDP of the United States will be affected and, if so, by how much .In each case, indicate also which component(s) of GDP will be affected and by how much Case 1: Maria moved from Chicago to Colorado in November 2020. She paid $1,200 to the professional moving company she hired and, after the moving was completed, she tipped the workers $250.I am confused. Help me What can we predict about the economy of the US for the next 10 years. Will it be one of the largest economy in the world or not.
- According to the figure showing 2020 GDP for selected countries, how much larger (in percentage terms) is America's GDP than: 21.43 14.34 5.08 United China Japan States b. Russia? % larger Copyright © McGraw Hill LLC. Permission required for reproduction or display. GROSS DOMESTIC PRODUCT (in U.S. $ trillion) % larger 3.86 2.87 2.83 1.70 1.27 Germany India Great Britain Russia Mexico Source: Gross Domestic Product 2020. The World Bank Group, March 2021 0.53 Sweden Instructions: Round your responses to the nearest whole number. a. Germany? 0.21 Greece 0.01 HaitiIs each of the following sets of variables positively or negatively related? a. Domestic income and imports: (Click to select) b. Domestic income and net exports: (Click to select) c. Foreign income and net exports: [(Click to select) d. The exchange rate value of the dollar and net exports: (Click to select) (Click to select) Positively related Negatively relatedThe Bureau of Economic Analysis has recently released the following information for the most recent quarter: Y = $15000, C = $10300, I = $4550 G = $4800 What is the value of Net Exports?