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Label the graph in Figure 1 with all of the parts of the business cycle.
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- Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)Ethiopia has a GDP of 8 billion (measured in U.S. dollars) and a population of 55 million. Costa Rica has a GDP of 9 billion (measured in U.S. dollars) and a population of 4 million. Calculate the per capita GDP for each country and identify which one is higher.Why might per capita GDP be only an imperfect measure of a countrys standard of living?
- What are the main components of measuring GDP with what is produced?How might you measure a green GDP?(1f) If Nominal GDP is $16,000 billion and the GDP deflator is 50, then Real GDP is: $25,000 billion. $32,000 billion. $8,000 billion. (1g) For productivity to increase the total number of hours worked has to increase. the value of the production per hour worked has to increase. the total production or output has to increase. (1a) The Helper Company’s customer service representatives received new computers and training on how to utilize them best. In regards to measuring productivity, these new computers and updated technology knowledge have increased profit for the Helper company. increased capital deepening for the Helper company. increased costs for the Helper company. (1b) Of the following examples, which one has little or no effect on labor productivity? The frequency of business cycles. (my guess) Technological change. The quality and quantity of available capital resources. (1c) What can you conclude when a nation’s production possibilities frontier shifts outward?…
- 1. Calculate the value of nominal GDP for 2004.a. PHP800b. P1,060c. P1,200d. P1,460 *base year is 2003Please no written by hand and no image Use the table to answer the question. Nominal GDP GDP Deflator Population Year 1 $4000 100 500 Year 2 4500 110 525 Year 3 4750 115 600 What is the Nominal GDP per capita for Year 1?Economic Flows Give 3 different examples of Other Flows
- uestion 19 Suppose a DVR is bought from China for $200 and sold in the US for $250. GDP will count this as $200. as $250. as a net of $50 ($250 sale minus $200 import). as nothing.Suppose nominal GDP is S99,000 and the GDP deflator is 110. Real GDP is: A $90,000 B $108,900 C $10,890,0 D $900QUANTITATIVE PROBLEMS Given the following nominal data, compute GDP. Assume net factor incomes from abroad = 0 (that is, GDP = GNP). Nominal Data for GDP and NNP $ Billions Consumption 2,799.8 Depreciation 481.6 Exports 376.2 Gross private domestic investment 671.0 Indirect taxes 331.4 Government purchases 869.7 Government transfer payments 947.8 Imports 481.7 Find data for each of the following countries on real GDP and population. Use the data to calculate the GDP per capita for each of the following countries: Mozambique India Pakistan United States Canada Russia Brazil Iran Colombia Now construct a bar graph showing your results in the previous problem, organizing the countries from the highest to the lowest GNP per capita, with countries on the horizontal axis and GNP per capita on the vertical axis. Suppose Country A has a GDP of $4 trillion. Residents of this country earn $500 million from assets they own in…
