a. Compare and analyze the two types of ranking (GDP and Per Capita GDP). b. What are the criticisms with the two types of ranking (GDP and Per Capita)?
Q: Compare and analyze the two types of ranking (GDP and Per Capita GDP).
A: GDP stands for Gross Domestic product.
Q: if A's GDP is higher than country's B GDP, does it follow that country A has a higher per capita GDP…
A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…
Q: GDP and GDP per-capita. a. Explain the difference between GDP and Per Capita GDP; b. Explain how to…
A: a)Gross domestic product (GDP) is the total value of the final goods and services in the economy in…
Q: GDP and GNP cannot be grouped and calculated by industry. TRUE OR FALSE?
A: Gross national product (GNP) is the total market value of the final goods and services generated by…
Q: 4. GDP per capita shows how much gross domestic product each
A: Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: On which basis the GDP of the country is decided?
A: Gross domestic product (GDP): It is the value of all finished or final goods and services produced…
Q: 1. Is GDP an adequate measure of national economic activity? 2. Should GDP be replaced by a new…
A: The Gross Domestic Product (GDP) refers to a metric that measures the size and health of a country's…
Q: Last year you earned $50000. Out of this, you gave $1000 to different charities. What was your…
A: GDP measures the market value of all final goods and services produced in an economy. during a given…
Q: Discuss the economic impact of GDP on investments ?
A: Gross Domestic Product is defined as the value of all the financial goods and services that are…
Q: Site and discuss 3 indicators that can be easily observed around (without knowing the GDP…
A: GDP: GDP or gross domestic product is the final value of all the goods and services that are…
Q: Briefly explain why GNP per capita a good indicator is not always to compare different countries’…
A: The economies around the globe are involved in the economic, and financial activities. These…
Q: Which is a better economic indicator, GDP or GNP and explain why?
A: GDP or Gross domestic product refers to the sum total of the final value of all the goods and…
Q: Part A. What is the difference between GDP and Real GDP? Which is a better measure of well-being?…
A: The market value of all final goods and services produced in the economic territory of the country…
Q: Wikipedia to find GDP per capita for the U.S. and Bhutan. How do they compare? What do the GDP per…
A: *US economic growth* Gross domestic product is measure of goods and services produced, an important…
Q: What are the criticisms with the two types of ranking (GDP and Per Capita)?
A: Answer in step 2.
Q: An imaginary country, Imaginaria, reports a nominal GDP of $279.6B in 2016. The population that year…
A: Gross domestic product (GDP) per capita is a statistic that breaks down a country's economic…
Q: Applying Saint Leo's Core values to your analysis, describe what GDP measures and some of the…
A: GDP: Monetary final value of finished goods and services produced in the country.
Q: what is the nominal GDP per capita for year 2019? refer to the table
A: As economies and societies developed, the study of economics got more complicated. Hence, as a…
Q: Consider the information in the table below: Nominal GDP GDP Deflator Real GDP…
A: The following formulae is used to calculate the missing values in the table:Nominal GDP = (Real GDP…
Q: Which of the following is the formula for calculating the real GDP per capita? a. Total national…
A: Real GDP is the value of goods and services measured using constant sets of prices.
Q: Guided with the graph, state 2 main reasons why GDP increase and 2 main reasons why GDP decrease in…
A: A rise in aggregate demand drives economic growth in the short run (AD). If the economy has spare…
Q: Year GDP GDP deflator Population 1998 500 100 200 million 1999 800 160 210 million Vhich statement…
A: Gross domestic product(GDP) is the value of all final goods and services produced in an economy over…
Q: ffe
A: Since opening of coffee outlet will create more job opportunities and on the other hand as more than…
Q: When comparing the GDP of different countries, two issues immediately arise. What are these issues…
A: GDP: Gross domestic product refers to the market value of all the commodities that are produced by…
Q: More than 4 million websites sell a combined $100 billion of pornography a year. Should these sales…
A: If the $100 billion of pornographic content is sold and purchased legally, and the transaction…
Q: Each scenario occurred this year but fails to fit one of the criteria for the definition of U.S.…
A: For a good or service to be included in the GDP, it requires to have market value, it should be a…
Q: Which contributes more to GDP—the production of aneconomy car or the production of a luxury car?…
A: GDP includes the final value of all goods and services produced in an economy during a given period…
Q: What is india total gdp?
A: The total monetary or market worth of all finished goods and services produced within a country's…
Q: 2. In the following situations, explain what is counted (or is not counted) in this year's GDP. A.…
A: Since we only answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the question and…
Q: Which economic activities should be considered in the calculation of GDP? Calculate the GDP of the…
A: GDP( Gross Domestic Product): The calculation of total monetary or market value of all the finished…
Q: GDP is very widely used throughout the world as a measure of Economic health. Give an example,…
A: The GDP is the summation of the monetary value of all the goods and services produced within the…
Q: Which are included and excluded from GDP? Why?
A: GDP (Gross domestic product): It refers to the value of final goods and services produced within the…
Q: Explain the economic development of the GDP?
A: Economic growth, when accounting for inflation, is the increase or improvement in the market value…
Q: 1. What does Gross Domestic Product mean? Why do we need to use market value GDP? What for do we use…
A: "Gross domestic product is represented by GDP."
Q: Explain why GDP may not always be the best measure of economic welfare
A: GDP measures the final value of goods and services produced in an economy. However, economic welfare…
Q: Economists can do a reasonably good job of calculating GDP, GDP per capita, NDP, etc. Do you agree?…
A: GDP refers to the Gross Domestic Product. It is the value of all the final goods and services…
Q: A US company produces $20000 worth of shirts in 2019. However, only $15000 worth of the shirts are…
A: Gross Domestic Product (GDP) measures the value of final goods and services produced within the…
Q: How does Standard of Living affect Quality of Life in terms of GDP?
A: Gross domestic product (GDP) is the sum of the monetary value of all the final products and services…
Q: As soon as you start comparing the GDP of other nations, you run into two problems. What exactly are…
A: Introduction GDP tells about the goods and services produced in a economy. It tells about the growth…
Q: Do you think that economists should place a dollar value on “goods” and “bads” when computing GDP?
A: In an economy, GDP is used as the measurement of national income using different methods as they all…
Q: Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?
A: GDP or the Gross Domestic Product of the economy is the measure of the final value of all the goods…
Q: What difficulties exist when attempting to draw comparisons between countries like the U.S and China…
A: The market value of all final goods and services produced in the economic territory of the country…
Q: 6. State each of the three ways of measuring GDP.
A: Gross domestic product (GDP) is the monetary value of all final goods and services produced within a…
Q: the measurement method of per capita income in Turkey has been changed in 2016. What is wrong with…
A: It is understood that the greatest challenge to using real GDP to gauge our standard of living lies…
a. Compare and analyze the two types of ranking (
b. What are the criticisms with the two types of ranking (GDP and Per Capita)?
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- Dear Sir/Madam while studying for my macroeconomics course, I came across this case study that I am struggling with right now. Thank you for your help. Assume the economy is open to capital inflows and outflows and therefore net capital inflow equals imports (IM) minus exports (X). Calculate each of the following. a) X = $125 million IM = $80 million Budget balance = - $200 million I = $350 million Calculate private savings. b) X = $85 million IM = $135 million Budget balance = $100 million Private savings = $250 million Calculate I. c) X = $60 million IM = $95 million Private savings = $325 million I = $300 million Calculate the budget balance. d) Private savings = $325 million I = $400 million Budget balance = $10 million Calculate IM – X.30. When the Bank of Canada buys government securities, exportsA) increase and imports decrease, so net exports increase.B) and imports both increase, so the effect on net exports is unclear.C) decrease and imports increase, so net exports decrease.D) and imports both decrease, so the effect on net exports is unclear.E) and imports both increase, so net exports increase.Suppose GDP is $10,000 trillion, taxes are $1,500 trillion, consumption is $6,000 trillion, and government expenditure is $1,700 trillion. Investment is a function of the interest rate such that it is represented by the following equation (in trillions): ? = 3,300 − 100 ∗ ?Where i is the world real interest rate, expressed as a percentage. Us this information to calculate private savings, public savings, national savings, and the equilibrium real interest rate.
- The following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,540 million. Enter the amount for government purchases. National Income Account Value (Millions of dollars) Government Purchases (GG) Taxes minus Transfer Payments (TT) 455 Consumption (CC) 700 Investment (II) 490 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S)National Saving (S) = = (y-t-g, g-t, y-c, y-c-g) = = (C,G,Y,I) $ ______millionThe following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,680 million. Enter the amount for investment. National Income Account Value (Millions of dollars) Government Purchases (GG) 400 Taxes minus Transfer Payments (TT) 360 Consumption (CC) 1,000 Investment (II) Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S)National Saving (S) = = = = million Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private SavingPrivate Saving = = = = million Public SavingPublic Saving = = = = million Based on your calculations,…You are given the following information. Savings S = 150 Investment I = 100 Taxes T = 250 Government Purchases G = 500 Compute the level of private savings, public savings, and national savings.
- Explain why changes in government spending are viewed as nearly always affecting national saving, while changes in taxes are viewed as having more ambiguous effects on national saving and real interest rates. Why does it matter?Please no written by hand solutions Currently, the U.S. has a total consumption of $21,300,000, savings of $9,700,000, government spending of $8,800,000, and investment of $6,800,000. Calculate the size of this government's budget deficit assuming net exports = net imports. $ Provide your answer as a whole number. Typed numeric answer will be automatically saved.44. An increase in the general price level in the economy a) Will increase the purchasing power of consumers' wealth and decrease consumption spending. b) Will increase demand for, and decrease supply of loanable funds, causing the interest rate to increase which in turn will cause investment spending to fall. c) Makes domestic goods more expensive than foreign goods than before which will tend to decrease exports and increase imports, thus lowering net exports. d) All the above e) Only (b) and (c) are true
- The ________ demand for money arises out of the need to hold money as a medium of exchange.This demand for money is a function of ________. (4 marks)A Precautionary; interest ratesB Transactions; national incomeC Speculative; interest ratesD Precautionary; national incomeThe following table contains data for a hypothetical closed economy that uses the dollar as its currency. Suppose GDP in this country is $1,175 million. Enter the amount for government purchases. National Income Account Value Government Purchases (GG) Taxes minus Transfer Payments (TT) 225 Consumption (CC) 625 Investment (II) 300 Complete the following table by using national income accounting identities to calculate national saving. In your calculations, use data from the preceding table. National Saving (S) = = $ million Complete the following table by using national income accounting identities to calculate private and public saving. In your calculations, use data from the initial table. Private Saving = = $ million Public Saving = = $ million Based on your calculations, the government is running a budget (a. surplus, b. deficit).Given the following on a closed economy. C = 40 + 0.8Yd C= consumption I = 55 – 200r I= Investment G = 20 G = government spending T = 20 T = Taxes Ye = 400 Ye = National Income r = rate of interest Determine the following: The level of Private savings The level of Public savings The level of national savings