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Statistics Units 2016 2017 2018 2019 202 Real GDP National A1 2,813.09 2,893.16 2,844.56 2,671 (billions) Nominal GDP currency National 2,490.44 A2 2,835.12 2,844.56 2,688 (billions) Real GDP per саpita Nominal GDP currency National 367,398.57 379,474.85 АЗ 378,225.72 359,64 currency National 337,590.38 358,741.15 | 378,702.58 A4 361,93 per capita Unemployment Percentage currency 3.393 3.127 2.815 2.932 5.82 rate Source: International Monetary Fund, World Economic Outlook Database, October 2019 Following the instruction above to find the missing values of A1 to A4. (Give your answer correct to 2 decimal places) а. b. Based on the table above, calculate the population size, real GDP growth rate and nominal GDP growth rate of Hong Kong in 2020. Show your workings.

Statistics Units 2016 2017 2018 2019 202 Real GDP National A1 2,813.09 2,893.16 2,844.56 2,671 (billions) Nominal GDP currency National 2,490.44 A2 2,835.12 2,844.56 2,688 (billions) Real GDP per саpita Nominal GDP currency National 367,398.57 379,474.85 АЗ 378,225.72 359,64 currency National 337,590.38 358,741.15 | 378,702.58 A4 361,93 per capita Unemployment Percentage currency 3.393 3.127 2.815 2.932 5.82 rate Source: International Monetary Fund, World Economic Outlook Database, October 2019 Following the instruction above to find the missing values of A1 to A4. (Give your answer correct to 2 decimal places) а. b. Based on the table above, calculate the population size, real GDP growth rate and nominal GDP growth rate of Hong Kong in 2020. Show your workings.

Microeconomic Theory
Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter2: Mathematics For Microeconomics
Section: Chapter Questions
Problem 2.16P
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Statistics Units 2016 2017 2018 2019 2020 Real GDP National A1 2,813.09 2,893.16 2,844.56 2,671.57 (billions) Nominal GDP currency National 2,490.44 A2 2,835.12 2,844.56 2,688.54 (billions) Real GDP per currency National 367,398.57 379,474.85 АЗ 378,225.72 359,647.43 сapita Nominal GDP currency National 337,590.38 358,741.15 | 378,702.58 A4 361,931.53 per capita Unemployment Percentage currency 3.393 3.127 2.815 2.932 5.828 rate Source: International Monetary Fund, World Economic Outlook Database, October 2019 Following the instruction above to find the missing values of A1 to A4. (Give your answer correct to 2 decimal places) а. b. Based on the table above, calculate the population size, real GDP growth rate and nominal GDP growth rate of Hong Kong in 2020. Show your workings. (Give your answer correct to 2 decimal places) Based on the result in part b, what can you infer about the inflation rate of Hong Kong in 2020, positive or negative? Show с. your working. d. Based on the table above, what can you infer about the population growth rate of Hong Kong in 2020, positive or negative? Briefly explain your answer. Given that the average unemployment rate of Hong Kong from 2011 to 2020 is 4.59%. In 2018, which phase of the business cycle best describes Hong Kong's economic situation? How about that in 2020? Briefly explain your е. answers.
Transcribed Image Text:Statistics Units 2016 2017 2018 2019 2020 Real GDP National A1 2,813.09 2,893.16 2,844.56 2,671.57 (billions) Nominal GDP currency National 2,490.44 A2 2,835.12 2,844.56 2,688.54 (billions) Real GDP per currency National 367,398.57 379,474.85 АЗ 378,225.72 359,647.43 сapita Nominal GDP currency National 337,590.38 358,741.15 | 378,702.58 A4 361,931.53 per capita Unemployment Percentage currency 3.393 3.127 2.815 2.932 5.828 rate Source: International Monetary Fund, World Economic Outlook Database, October 2019 Following the instruction above to find the missing values of A1 to A4. (Give your answer correct to 2 decimal places) а. b. Based on the table above, calculate the population size, real GDP growth rate and nominal GDP growth rate of Hong Kong in 2020. Show your workings. (Give your answer correct to 2 decimal places) Based on the result in part b, what can you infer about the inflation rate of Hong Kong in 2020, positive or negative? Show с. your working. d. Based on the table above, what can you infer about the population growth rate of Hong Kong in 2020, positive or negative? Briefly explain your answer. Given that the average unemployment rate of Hong Kong from 2011 to 2020 is 4.59%. In 2018, which phase of the business cycle best describes Hong Kong's economic situation? How about that in 2020? Briefly explain your е. answers.
X剪下 - 12 A A 自動換行 通用格式 回填滿。 新細明體 條件式格式格式化為儲存格 設定。 插人 删除 格式 圈。%98 -98 00 .00 0 ◇清除。 G複製。 貼上 《製格式 表格。 樣式v B IU、田、 ◇、A、 、三三三 三正園跨欄置中 樣式 儲存格 編标 數值 字型 對商方式 剪貼薄 不要再顯示 另存新檔. 可能發生資料遠失如果將活夏簿儲存為文字(txt)格式,會遺失部分功能,若要保留這些功能,請將活頁適儲存為Excel.檔案格式, vį X v fx J M D F G A B 2019 2,844.56 2,844.56 2020 Estimates Start After 2,671.57 2,688.54 Scale Country/S 2016 2017 2018 1 Country Subject Descriptor 2 Hong Kon GrOss domestic product, constant prices 3 Hong Kon Gross domestic product, current prices 4 Hong Kon Gross domestic product per capita, constant prices 5 Hong Kon Gross domestic product per capita, current prices 6 Hong Kon Unermployment rate Units 2020 2,893.16 2,835.12 2.710.34 2,490.44 367,398.57 2,813.09 2,659.38 379,474.85 386,455.17 378,225.72 359,647.43 358,741.15 378,702.58 378,225.72 361,931.53 3.127 Billions Source: Na National currency National currency National currency 2020 Billions Source: Na 2020 Units See notes I 2020 National currency Units See notes 1 337,590.38 Percent of total labor force Source: Na 3.393 2.815 2.932 5.828 2020 8 International Monetary Fund, W orld Economic Outlook Database, October 2021 9. 10 11 12 13 14 15 16 17 18 19 20 21 22 23 WEO Data p在這裡輸人文字來搜尋 83% 23°C JE 16:3 英 15/12/2 ideapodGAMING F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 Insert PnSc Delete 日 Home End %23 $ % &
Transcribed Image Text:X剪下 - 12 A A 自動換行 通用格式 回填滿。 新細明體 條件式格式格式化為儲存格 設定。 插人 删除 格式 圈。%98 -98 00 .00 0 ◇清除。 G複製。 貼上 《製格式 表格。 樣式v B IU、田、 ◇、A、 、三三三 三正園跨欄置中 樣式 儲存格 編标 數值 字型 對商方式 剪貼薄 不要再顯示 另存新檔. 可能發生資料遠失如果將活夏簿儲存為文字(txt)格式,會遺失部分功能,若要保留這些功能,請將活頁適儲存為Excel.檔案格式, vį X v fx J M D F G A B 2019 2,844.56 2,844.56 2020 Estimates Start After 2,671.57 2,688.54 Scale Country/S 2016 2017 2018 1 Country Subject Descriptor 2 Hong Kon GrOss domestic product, constant prices 3 Hong Kon Gross domestic product, current prices 4 Hong Kon Gross domestic product per capita, constant prices 5 Hong Kon Gross domestic product per capita, current prices 6 Hong Kon Unermployment rate Units 2020 2,893.16 2,835.12 2.710.34 2,490.44 367,398.57 2,813.09 2,659.38 379,474.85 386,455.17 378,225.72 359,647.43 358,741.15 378,702.58 378,225.72 361,931.53 3.127 Billions Source: Na National currency National currency National currency 2020 Billions Source: Na 2020 Units See notes I 2020 National currency Units See notes 1 337,590.38 Percent of total labor force Source: Na 3.393 2.815 2.932 5.828 2020 8 International Monetary Fund, W orld Economic Outlook Database, October 2021 9. 10 11 12 13 14 15 16 17 18 19 20 21 22 23 WEO Data p在這裡輸人文字來搜尋 83% 23°C JE 16:3 英 15/12/2 ideapodGAMING F2 F3 F4 F5 F6 F7 F8 F9 F10 F11 F12 Insert PnSc Delete 日 Home End %23 $ % &
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