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Answer your friend who claims that;
b)The condominium prices do not change largely regionally across Japan (according to table below)
Do you agree/disagree with this statement,explain your reason.
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- 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 Approach11.3 The price of crude oil during the period 2000-2010 can be approximated by P(t) = 6t + 18 dollars per barrel (0 ≤ t ≤ 10) in year t, where t = 0 represents 2000. Russia's crude oil production over the same period can be approximated by Q(t) = −0.08t2 + 1.2t + 5.5 million barrels per day (0 ≤ t ≤ 10). † Use these models to estimate Russia's daily oil revenue and also its rate of change in 2007. (Round your answers to the nearest $1 million.) daily oil revenue$ millionrate of change in 2007$ million per yearNo written by hand solution The table below shows national data for the economy of Westfall. Round your intermediate calculations to one decimal place. Enter your responses rounded to one decimal place with the exception of Real GDP per capita that can be entered as a whole number. a. Fill in the blanks in the table below. 201820192020Nominal GDP (in billions)$650$730$ GDP deflator (2010 = 100)112 121Real GDP (in billions)$ $617$ Population (in millions)44 45Real GDP per capita$ $13,854$14,349 b. The inflation rate in 2019 is %. c. The growth rate of real GDP per capita in the year 2020 is %.
- You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…You are given the following information about an economy: $millionsGDP at Market Prices 1,669.4Imports 290.5Gross Domestic Capital Formation 48.7Income accruing to the Public Sector 39.0Retained Business Earnings 75.9Exports 273.4Subsidies 16.8Factor Payments from Abroad 10.0Capital Consumption Allowance…i need help , i keep getting it woring and this is my last chance macroeconmics question 9
- Please no written by hand solutions In economics, the term indexing refers to . . . (a) adjusting real values for changes in nominal value. (b) adjusting nominal values for output values. (c) adjusting the nominal value of something in order for it to maintain its real value. (d) adjusting prices for changes in government's tax rates. For the next seven questions, match the description in column B with the economic concept in column A: COLUMN A COLUMN B 19. Domestic 20. Legal tender 21. National 22. Savings 23. Real GDP 24. National income 25. Potential GDP (a) the influence of inflation is eliminated (b) full use of resources (c) within the boundaries of the country (d) permanent inhabitants of a country (e) the same as NNP at factor costs (f) difference between income and consumption (g) creditors must accept this money in repayment of debts.) Draw the table below in your answer booklet ai1d fill in columns'4, 5 and 6 to answer parts (i, ii, iii below) . Table: macroeconomic data for J(enya f'rom 2009-2014 Year Nominal GDP GDP Deflator Real GDP Real growth of output Inflation rate 2009 72923.06 787 100.00 20 i.O 78587.49261 102.09 2011 89954.66291 113.11 2012 1001.61.0889 123.72 2013 108273.9543 129.97 20]4 119421.4024 139.75 1. Calcul a te the annual real GDP for the period 2009 to 2014 2. Calculate the annual real growth rate of output for the period 2009 to 2014 3. Calculate the inflation rate for the period 2009 to 2014(1d) To measure a real increase in wages, the changes would have to be averaged. the wages would have to be adjusted for inflation overtime. (my guess) the increase would have to be compared to the growth in GDP. (1e) Jerusha lives in a country with a large amount of protection under the law for conducting business or bringing her ideas to the market with patten production. Because of the economic conditions what will Jerusha most likely do with her rainwater collecting invention? Keep her ideas in a notebook and sell them to the highest bidder. Find a country where she can develop her idea away from strong patent laws. Develop her invention and bring it to market with ease and minimal cost. (my guess) (1f) Over the past 50 years, which component of consumer spending has steadily gained as a percentage of the total? durable goods nondurable goods services (my guess) (1g) The distinction between real GDP and nominal GDP is important to determine which of the following? The…
- a. Explain concisely whether the following statement is true or false: “The GDP of a country does provide an accurate indicator of the welfare of itscitizens” (850–1000 words) b. In as much detail as possible, explain the Circular Flow Diagram for a Four (4) sectoreconomy. (850–1000 words) c. Explain three (3) costs of unemployment to societyWhat was the status of the Economy? How was the inflation rate, employment rate and money supply? "Covid 19 Pandemic Economic Crisis"The nation of Kona cultivates coffee beans and cassava, from which all their consumer goods are produced. (a) Calculate the cost of the market basket of goods in the table in 20102010 and in 20152015. Show your work. (b) Use 20102010 as the base year to calculate the price indices for 20102010 and 20152015 for the market basket of goods in the table. Show your work. (c) In order for a citizen of Kona to maintain the same standard of living between 20102010 and 20152015, what percentage change in nominal income would be needed? Explain.