1978 1979 1980 1981 1978 O 1979 Using the above table, which year was the misery index the highest? O 1980 5,677 5,855 5,839 5,987 O 1981 5.5 3.2 -0.2 2.5 6.1 5.8 7.1 7.6 7.6 11.3 13.5 10.3
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- 4 National Income at constant prices can be obtained by multiplying current production of output to _______. a. Base year output b. Base year price c. Current prices d. Current taxesGross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?Assume a market basket includes three avocados, two loaves of bread, two dozen eggs, and a seasoning packet. Item Price base year ($) Price current year ($) Avocado (per each) 1.25 1.50 Bread (per loaf) 2.99 3.19 Eggs (per dozen) 4.00 4.50 Seasoning (per packet) 1.50 1.25 According to the table shown, what is the change in the price level between the base year and the current year? Please type out the correct answer ASAP with proper explanation thank you
- Consider 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 year 2015 Base Year Price Index = (120) Base Year Output = (4 million) The year 2016 Current Year Price Index = (140) Current Year Output = (5 million) iii. Calculate MPC for the following data: Y1=2500C1=1500 Y2=5000 C2=2500The Economy 2020 to 2022.csv is given as follows: Please just solve for question 5,the solution to question 4 is also given as follows. Year Month N_Week PCEPI CPIAUCSL ICSA_Week1 ICSA_Week2 ICSA_Week3 ICSA_Week4 ICSA_Week5 2020 1 4 110.944 259.037 217000 203000 211000 200000 2020 2 5 111.07 259.248 191000 186000 190000 196000 190000 2020 3 4 110.824 258.124 186000 221000 2914000 5946000 2020 4 4 110.237 256.092 6137000 4869000 4201000 3446000 2020 5 5 110.353 255.868 2796000 2335000 2176000 1921000 1639000 2020 6 4 110.746 256.986 1575000 1473000 1467000 1446000 2020 7 4 111.072 258.278 1413000 1468000 1393000 1260000 2020 8 5 111.411 259.411 1044000 884000 927000 876000 881000 2020 9 4 111.613 260.029 892000 861000 859000 795000 2020 10 5 111.648 260.286 785000 839000 804000 776000 773000 2020 11 4 111.666 260.813 737000 738000 793000 737000 2020 12 4 112.15 262.035 873000 886000 815000 773000 2021 1 5 112.583 262.65 803000 890000 844000…
- Assume there are only two producing sector Y & Z in an economy. Calculatea) Gross value added at market price by each sector b) National income from the followings:Items Amount in CroresNet factor income from abroad- 20Sales by Y= 1000Sales by Z= 2000Change in stock of Z= -200C Closingstock of Y= 50 Opening stock of Y= 100Consumption of fixed capital by Y & Z= 180Indirect taxes paid by Y & Z= 120Purchase of raw material by Y= 500Purchase of raw material by Z= 600Exports by Z= 70Mr. Scoobertini owns a store specializing in soccer jerseys. In 2008, he purchased $150,000 worth of jerseys from manufacturers, employed one worker for $40,000, purchased $20,000 worth of supplies from an office supply store, and sold jerseys for $280,000. Based on this information, what was the value added at Alejandro's store in 2008?A) $70,000B) $110,000C)$280,000D) $490,000Year Waffles(Quantity) Waffles(Price) Orange Juice(Quantity) Orange Juice(Price) Toaster Ovens(Quantity) Toaster Ovens(Price) 2010 1000 $0.80 400 $4 280 $22 2011 1200 $0.90 410 $5 300 $25 2012 1500 $1 420 $6 300 $28 The above, like I said, is production data. Consumption data is as follows: the average citizen consumes 80 waffles, 20 units of orange juice and 10 toaster ovens. 2010 is the base year for all calculations. Carefully following all directions for entering your answer, tell me the cost (price) of the market basket for 2011. Carefully following all directions for entering your answer, calculate the inflation rate, using the CPI, for 2011-2012. Carefully following all directions for entering your answer, calculate the inflation rate, using the CPI, for 2011-2012. Carefully following all directions for entering your answer, calculate the GDP deflator for 2011 for this economy.
- Compute the GNP using the Income Approach and Expenditure Approach. Personal Consumption ExpendituresP 1,059,000 Compensation of employees and entrepreneurial & propertyIncome of persons980,000 Government Income31,000 Indirect Taxes132,500 Exports of goods and non-factor services648,200 Fixed Capital Formation232,400 Government Services116,000 Imports of goods and non-factor services648,100 Subsidies3,900 Trade237,000 Increase in Stocks7,200 Corporate Income16,000 Depreciation Allowance176,000 General Government Consumption Expenditures86,500 Net Factor Income From Abroad20,600Those are the production numbers for 3 different years for country B (50pts) Year Price of Bananas $ Quantity of bananas kg. Price of backrubs $ Quantity of backrubs 1 1.00 5 6.00 5 2 1.00 5 6.00 7 3 2.00 10 6.00 9 Calculate real and nominal GDP for year 1, 2 and year 3 when base year is year 1. Compute inflation in country B from period 1 to period 2. Compute inflation rate from period 1 to 3 Compute inflation rate from period 2 to 3 Calculate GDP with Chain weighted method for period 3. Compare the result with the answer in part a.13 Which national income estimation method needs information such as indirect taxes, depreciation and intermediate consumption? a. Net output b. Income c. Expenditure d. Factor