Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020Year Population GDPInflation Unemployment %Money'000(%)Supply -M2(TTSMn)2020 1,366.72019 1,364.02018 1,359.22017 1,356.62016 1,353.9CurrentPrices (TT$Mn)144,422.1161,284.3Percentage GDPPer157,150.1ChangeConstantGDP161,335.3 -0.2-7.4-0.7-2.7149,208.6 -6.3Capita(TT)0.61.01.01.93.15.74.33.94.84.099229.889475.289425.886754.688636.2RepoRate(end ofperiod,%)3.5554.754.75 c. Using relevant data in the table calculate GDP per capita for the period 2016-2020.

GDP is the market value of final goods and services produced by a nation under its domestic…

Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020 Year Population GDP Inflation Unemployment % '000 (%) 2020 1,366.7 2019 1,364.0 2018 1.359.2 Current Prices (TT$ Mn) 144,422.1 Percentage GDP Per 161.284.3 Change Constant GDP -7.4 161,335.3 -0.2 -0.7 Capita (TT) 0.6 1.0 1.0 5.7 4.3 3.9 Money Supply - M2 (TTSMn) Repo Rate (end perioc %) 99229.8 3.5 89475.2 5 89425.8 5

Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020 Year Population GDP Inflation Unemployment % '000 (%) 2020 1,366.7 2019 1,364.0 2018 1.359.2 Current Prices (TT$ Mn) 144,422.1 Percentage GDP Per 161.284.3 Change Constant GDP -7.4 161,335.3 -0.2 -0.7 Capita (TT) 0.6 1.0 1.0 5.7 4.3 3.9 Money Supply - M2 (TTSMn) Repo Rate (end perioc %) 99229.8 3.5 89475.2 5 89425.8 5

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020
Year Population GDP
Inflation Unemployment %
Money
'000
(%)
Supply -
M2
(TTSMn)
2020 1,366.7
2019 1,364.0
2018 1,359.2
2017 1,356.6
2016 1,353.9
Current
Prices (TT$
Mn)
144,422.1
161,284.3
Percentage GDP
Per
157,150.1
Change
Constant
GDP
161,335.3 -0.2
-7.4
-0.7
-2.7
149,208.6 -6.3
Capita
(TT)
0.6
1.0
1.0
1.9
3.1
5.7
4.3
3.9
4.8
4.0
99229.8
89475.2
89425.8
86754.6
88636.2
Repo
Rate
(end of
period,
%)
3.5
5
5
4.75
4.75

c. Using relevant data in the table calculate GDP per capita for the period 2016-2020.

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