Year Price of A 2019-base $40 $50 $60 $70 2020 2021 2022 A) 2020 nominal GDP = $ B) 2020 real GDP = $ Quantity of A 10 20 30 40 Price of B $50 $60 $70 $80 Quantity of B 5 10 20 30
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- According to Table 19.7, how often have recessions occurred since the end of World War II (1945)?Compute for GNP using Expenditure, Income, and Valued Added Approach. Personal Consumption Expenditures Rents, Interests, Dividends, Wages 1,100,000 950,000 Government Income 35,000 Indirect Taxes 130,000 Exports of goods and non-factor services Fixed Capital Formation Forestry 650,000 270,000 55,000 Government Services 120,000 Imports of goods and non-factor services Subsidies 640,000 5,000 Trade 280,000 Increase in Stocks Corporate Income Depreciation Allowance General Govemment Consumption Expenditures Net Factor Income from Abroad Agriculture 7,000 60,000 17,000 80,000 20,000 550,000 Real Estate 150,000Complete 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 in
- The level of nominal GDP in 2000 was 10.098 billion. The level of nominal GDP in 2021 is projected to be 432.197 billion . Total nominal GDP of this country has increased by. the last 20 years ? % inConsider the following information given for calculation of different national income aggregates: Items Rs in crore Value of output 100000 Depreciation 6000 Indirect Taxes 6000 Subsidies 1000 Intermediate consumption 24000 Value added 76000 What will be the value of GNP at market prices as per the given information? Which of the following will be the value of NNP at market prices? Which of the following will be the value of GNP at factor cost? If disposable income is Rs 500 and saving Rs 100, what will be the average propensity to consume? If MPC= 1/2, what is the value of K (Investment multiplier)? What will be the value of NNP at factor cost as per the given information? What will be the value of GDP at market prices as per given information?The graph shows the aggregate demand curve in a representative economy. Suppose that there is increased confidence about the economy. Using the line drawing tool, show the effect on the aggregate demand curve, and label your new curve. Carefully follow the instructions above, and only draw the required objects. ept Question 2.19
- Depreciation 200 Exports 150 public transfer 200 Gross domestic private investment 300 corporate income tax 100 factor receipts from abroad 400 gevenment expenditure on goods and services 250 interest income 800 compensation of employees 2600 net interest on government debit 50 indirect business taxes 100 factor payments to abroad 200 imports 200 proprietors incom(profits) 700 retained corporate profit 200 personal consumption expenditure 4500 personal taxes 100 social security contribution 50 rental income 600. From the above data find personale disposable income.5. Components Wages and salaries Rent, dividend & interest Companies profits Depreciation Transfer payment Personal income tax EPF SOCSO Net factor income abroad Calculate : a. GDI b. GNI c. NNI d. Personal Income e. Personal disposable income RM/ millio n 6000 3000 2000 100 20 10 5 5 1000The data in the accompanying table give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time. Turning Point (A) (B) (C) (D) (E) Date Jan 1980 July 1980 July 1981 November 1982 July 1990 Real GDP (2012 $ billions) 6,837.6 6,688.8 6,978.1 6,794.9 9,398.5 The economy experienced an expansion that lasted from Select one: a. July 1980 to November 1982. b. January 1980 to July 1981. c. July 1980 to July 1981. d. July 1981 to November 1982.
- Use the following composition of expenditure for the economy of a country named the Republic of Tapuwa, for the year ended 2019 to answer the questions below:COMPONENTR millionsConsumption expenditure (C) Investment (I)Government spending (G) Exports (X)Imports (Z)DepreciationForeign payment to the rest of the worldForeign payment from the rest of the worldShow all calculations and formulae.9 000 6 500 7 000 1 800 2 400 700 300250 Compute the value for the country’s GDP (Gross Domestic Product) at market price. Determine the value of the country’s NNI (Net National Income) at market price.If it is predicted that the GDP will increase to 22 000 in 2020, calculate the growth rate between 2019 and 2020.Q.7.2.5The measure of GDP for economic growth is not always perfect. Describe any two problems that are associated with GDP as a measure of economic growth.1. Referring to the figures below, 1.0 gdp-gth 80 BPERMITS-YOY 0.8 60 0.6 - 0.4 40 0.2 20 0.0 -0.2 -20- -0.4 -0.6 -40 rel. vol. = 9.4 --0.8 -60 -1.0 1970 2000 2010 1960 1980 1990 2020 -8 -6 -4 -2 2 4 6. 8. TIME (year) LAG (quarters) Source: FRED/BEA characterize the relationship between the growth rate of GDP and the growth rate of building permits (BPERMITS-YoY) in terms of the following items: • Timing. • Direction. • Volatility. Include a brief description of each item in this list in your characterization. RATE (%/year) CROSS CORRELATIONCOMPONENT R millions Consumption expenditure (C) 9 000 Investment (I) 6 500 Government spending (G) 7 000 Exports (X) 1 800 Imports (Z) 2 400 Depreciation 700 Foreign payment to the rest of theworld 300 Foreign payment from the rest of the world 250 Q1. Determine the value of the country’s NNI (Net National Income) atmarket price. Q2. If it is predicted that the GDP will increase to 22 000 in 2020,calculate the growth rate between 2019 and 2020.
