A middle-income country... Question 2 options: Has a per capita GDP between $1,025 and $12,475 Constitutes 18.8% of the global population Is classified based on GDP/Total Revenue Constitutes .8% of global GDP by country income
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Is classified based on GDP/Total Revenue
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- Please give a detailed solution with an explanation and answer all the questions provided in the image below.For the 3 blank answers here are the options:Blank Answer #1:cost of producing or market value of or wholesale cost ofBlank Answer #2:final goods and services produced or final goods and services consumed or final and intermediate goods and services producedBlank Answer #3:by U.S. citizens or by U.S.-owned companies or within the United StatesQuestion 1 (AV7.1) You have been employed as the chief economist for the economy SKL Land. The head statistician has provided you with the following information: Compensation of Employees 900 Consumption of goods 850 Corporate profits 400 Rent Income 125 Factor income paid to the world 325 Consumption of services 475 Factor Income received from the world 170 Residential investments 350 Indirect taxes 775 Non-residential investments 525 Subsidies 125 Government Expenditure 925 Depreciation 120 Imports 700 Net interest 75 Exports 300 Proprietors income 300 Calculate SKL Land’s GDP using (1) the Income and (2) the Expenditure ApproachSuppose U.S. drivers purchased $50 billion of ExxonMobil-produced gasoline during a recent year, with one-half purchased directly from ExxonMobil-owned gas stations and one-half from independent (or third-party) gas stations. Suppose further that ExxonMobil purchased the oil (which it refined into gasoline) from foreign producers for $20billion and that it receives 60 percent of the sales revenue that independent stations generate from selling ExxonMobil gasoline. In this case, the value added by ExxonMobil to U.S. GDP is $__billion.
- Give typing answer with explanation and conclusion 3. Economic historian Angus Maddison estimates that real GDP per capita in Western Europe in 1000 AD was $450. Restate this number as GDP per capita per day. (Assume that there are 365 days in 1000 AD. Round to two decimal places.Measuring Economic Performance (chapter 11) 1. Would it be possible for an increase in taxation to decrease the gross domestic product measured in the U.S.? Why or why not? please take your time sir answer nicely with explaining thanksThis is an exercise depends on the statement below: During covid-19 pandemic, there is a household (s) that requested financial assistance from the government and private institutions, to support their housing expenses. What do you think? Why they needs financial assistance?
- Economics Question Suppose , unfortunately , your mathematics and economics professors have decided to give tests two days from now and you can spend a total of only twelve hours studying for both exams . After some thought , you conclude that dividing your study time equally between each subject will give you an expected grade of C in each course . For each additional three hours of study time for one of the subjects , your grade will increase one letter for that subject , and your grade will fall one letter for the other subject . a . Construct a table for the production possibilities and corresponding number of hours of study in this case .(1) Recent measurements have shown a significant deterioration in the quality of the Scottish seaside. Which of the following statements are compatible with this observation? A. The real value of GDP has increasedB. The real value of GDP remains the same C. North Sea oil wells have dried upD. The price of swimming costumes has gone down (2) The impact of Covid-19 on happiness is negative because A. it decreased economic activityB. it coincided with BrexitC. it forced social isolationD. it obliged people to develop new Information Technology skills(i) A is correct(ii) A and B are correct(iii) A and C are correct(iv) All of the above are correct1.0 National income – The Pandemic Economy 1.1 The IMF estimates that the global economy will make a strong recovery and expand by 6.0 percent in 2021. This follows from an estimated contraction of 3.3 percent in 2020. COVID-19 has severely impacted the social and economic fabric of every country across the globe. Some have been more affected than others, but all have been facing what seems like an unending battle between saving lives and preserving livelihoods. Striking a delicate balance between providing social protection and maintaining economic activity, while limiting the risks to financial stability has been a challenge of immense proportions, employing varying strategies across different countries with uneven results. 1.2 In Trinidad and Tobago, the continuation of the pandemic and the associated public health restrictions undermined all the economic gains realized in the second half of 2020. Consequently, for the first quarter of 2021, the CSO estimates that real GDP at…
- Question 2You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information:Compensation of Employees900Corporate profits 400Factor income paid to the world 325Factor Income received from the world170Indirect taxes 775Subsidies 125Depreciation 120Consumption of goods 850Net interest 75Rent Income 125Consumption of services 475Residential investments 350Non-residential investments525Government Expenditure 925Imports 700Exports 300Proprietor’s income 300Calculate UWI Land’s GDP using the Income and Expenditure Approach2. Multinational companies (MNC) engaging in technological transfer may lead to gains elsewhere in the economy as (i) workers trained by the MNC move to other parts of the economy. (ii) the MNC takes market share from inefficient local companies. (iii) other companies in the host county may be encouraged to use their methods. Which are of the above statements is/are correct? Only (i) is correct Only (ii) is correct Both (i) and (iii) are correct Both (i) and (ii) are correct Only (iii) is correct1. You have been employed as the chief economist for the economy UWI Land. The head statistician has provided you with the following information: Compensation of Employees 900 Corporate profits 400 Factor income paid to the world 325 Factor Income received from the world 170 Indirect taxes 775 Subsidies 125 Depreciation 120 Consumption of goods 850 Net interest 75 Rent Income 125 Consumption of services 475 Residential investments 350 Non-residential investments 525 Government Expenditure 925 Imports 700 Exports 300 Proprietor’s income 300 a. Calculate UWI Land’s GDP using the Income and Expenditure Approach.