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- United Kingdom Kenya Price per Value of Value of unit (GBP) output Оuаntity Price per Quantity unit (KSh) output (GBP) (KSh) 5000 per 75 650,000 Equipment (millions of 500 unit units) Food 500 10 per kg 125 750 (millions of kg) Total GDP (local currency) a. If equipment is fully tradable, so that the price in Kenyan shillings (KSh) equals the price in pounds times the market exchange rate, what is the market exchange rate? b. Based on its relative price, does it appear that food is tradable? Is it more or less expensive in Kenya, compared to the UK? c. Fill in the table above (ignoring cells with "-"). What is the UK's total GDP in GBP? What is Kenya's total GDP in KSh? d. What is Kenya's GDP in GBP at market exchange rates? e. Following the calculations on pp 28-29 of ED, what is Kenya's GDP in pounds calculated by using UK prices for each individual product and applying that price to Kenya's quantities (that is, using purchasing power parity [PPP])? f. Is the value you calculated in…Describe the statistical indicators of Japan including their GDP, employment, debt, budget, competitive advantages, and imports/exports.48
- GDP = $6000 Personal Disposal Income - $5100 Government deficit = $200 Consumption = $3800 Trade deficit = $100 Calculate (a) government spending and (b) taxesInitially, an economy has a maximum real GDP of $5 trillion. 1.) Using the line drawing tool, draw the long-run aggregate supply curve. Label it LRAS,. 2.) Then suppose that increases in labor productivity increase the productive capacity of the economy. Using the line drawing tool, draw the new long-run aggregate supply curve. Label it LRAS2. Carefully follow the instructions above, and only draw the required objects.Switzerland population is 8,455,804. Its GDP is 617 billion in local currency, the Swiss Franc which is worth $1.10 (or 1 U.S. dollar is 0.91 Swiss Franc). Calculate Switzerland GDP in U.S. Dollar. What's GDP per capita in U.S. Dollar? In your opinion and in comparison to other countries, what does this GDP per capita indicate? Show all work.
- (05.02 HC) Review the chart to answer the question that follows. Total Population GDP Country A 5,000 10,000 Country B 10,000 15,000 Country C 2,000 8,000 Country D 1,000 5,000 Which additional type of data would be most important for comparing the standard of living of these countries? Share of budget set aside for defense Percent of territory that is water Number of airports Literacy rateTable 23-2 The table below contains data for the country of Crete for the year 2018. Total income Household purchases of durable goods Household purchases of nondurable goods Household purchases of non-education services Household purchases of education services Household purchases of new housing Purchases of capital equipment Inventory changes Purchases of new structures Depreciation Local government spending on goods and services State government spending on goods and services Federal government spending on goods and services Transfer payments Foreign purchases of domestically produced goods Domestic purchases of foreign goods 8. Refer to Table 23-2. What was Crete's GDP in 2018? a. $4623 b. $5731 c. $6037 d. $6839 $5731 $1108 $702 $203 $302 $816 $333 $75 $267 $401 $236 $419 $1182 $707 $217 $129 9. Refer to Table 23-2. What was Crete's consumption in 2018? a. $1810 b. $2013 c. $2315 d. $3131Dollar Amount Item Durable goods Nondurable goods Services Fixed investment Inventory investment Government purchases Exports (Billion Dollars) 220 400 700 130 20 500 110 Imports 150 Capital consumption allowance 20 Compensation of employees 700 Proprietors' income 480 Corporate profits Rental income Income earned from the rest of the world Income earned by the rest of the world 200 200 200 40 Indirect business taxes 80 Statistical discrepancy 30 Undistributed corporate profits 20 Social insurance taxes 80 Corporate profits taxes Transfer payments Personal taxes Net interest 30 50 80 20 Complete the following table by calculating GDP, NDP, national income, personal income, disposable income, and net exports. Item Dollar Amount (Billion Dollars) GDP NDP $ National income $ Personal income $ Disposable income Net exports If purchases of new capital goods are $90 billion, then purchases of new residential housing are equal to $ billion.
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