The federal government development expenditure in 2020 is mainly allocated to a. Transports. b. General administration. c. Education and training. d. Security.
Q: What is the difference between economic growth and economic development. B) With the aid of a…
A: DIFFERENCE BETWEEN ECONOMIC GROWTH & ECONOMIC DEVELOPMENT PARTICULAR ECONOMIC GROWTH…
Q: Statement i Nominal GDP uses current prices to place a value on economy's production goods and…
A: Nominal GDP evaluates the total value of products produced in an economy in a financial year within…
Q: Consumption Gross private domestic investment Government spending less transer payments Imports…
A: GDP refers that gross domestic product , refers that production of goods and services within a…
Q: Using real GDP to compare the level of economic well being in two countries may be misleading…
A: GDP only measures the final value of goods and services that are bought and sold in markets. Which…
Q: Question 1 Given the following data for a country A for the year ended December 2021 Items Private…
A: Since you have provided multiple subparts questions, we will solve the first three subparts for you.…
Q: 2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency)…
A: GDP deflator can be calculated by using the following formula.
Q: 5. The Planning Institute of Jamaica (PIOJ) collected the following data over a one-year period: $…
A: Disclaimer: Since you have asked multipart questions, we will solve the first three questions for…
Q: To measure a real increase in wages, the changes would have to be averaged. the wages would have to…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: 2020 Q2 GDP (in 2020 Q3 nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 nigerian currency)…
A: Real GDP refers to the value of all final goods and services that produced in the economy during a…
Q: Wages paid to labour Household consumption spending Government Transfers Investment spending…
A: we can calculate the GDP by using different methods like , Income method , expenditure method so…
Q: 27. Govermment spending classified as public investment A) initially has a positive effect on…
A: Hi! thankyou for the question but as per the guidelines, we answer only one question at one time.…
Q: In a closed economy with a public sector prove that S + T = I + G
A: When an economy is closed all the transactions happens in economy only. There is no transactions and…
Q: For a consumption dependent economy like Malaysia and the United States, which factor contributes…
A: Personal Consumption Expenditures. Consumer spending contributes almost 70% of the entire us…
Q: assuming government choose to invest 100 000 in economy, calculate how much is going to the national…
A: given Increase in government spending = 100000 PMC = 0.2 PMC + PMS = 1 PMS = 0.8 Multiplier = 1 /…
Q: Govermment Spending 591 852 1500 Subsidies 61 75 100 Indirect Taxes 84 98 102 Property Income eamed…
A: GDP Calculate by the Expindutre approch Y = C + I + G +(X - M) Where, C = ConsumptionI =…
Q: There are only two producing sectors A Problem and B in an economy. Calculate: (a) GDP at market…
A: GDP or gross domestic product calculates the final value of the good or service, produced…
Q: When less output is consumed than produced during a given income period the national…
A: According to the given question In simple words we can say that initially the national wealth is…
Q: . How much more output does the $20 trillion U.S. economy produce when GDP increases by 1.0 percent?
A: GDP of the US economy = $20 trillion
Q: The federal government development expenditure in 2020 is mainly allocated to
A: In the United States, federal government issues yearly budget to list and explain the estimated…
Q: Most national governments economic objectives for their national economies. is: --
A: 'Macroeconomics refers to the branch of economics that deals with the study of the economy as a…
Q: A. By what percentage did GDP decline in 2008? B. At that rate, how much output would have been…
A: A. 3.8 percent
Q: 2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency)…
A: Real GDP refers to the value of all final goods and services that produced in the economy during a…
Q: Good government programs for the development in science and technology can be seen outright
A: Government job in science and technology (S&T), albeit auxiliary to industry's, is no less…
Q: In an economy where people spend 80% of their incomes, the government lowers taxes by $5000.…
A: Gross domestic product is a monetary measure of the market value of all the services and final goods…
Q: 19. If consumption in Vavaland was 70 per cent of GDP and investment and government expenditure were…
A: GDP is the sum of consumption, investment, government expenditure and net exports.
Q: How impact the below factors for Secondary Education, General Pupils in Austria and United Kingdom ?…
A: Government expenditure on secondary education means that the country is focusing on monetary…
Q: The following are a year's data for a hypothetical economy. Comsmption $400B, Government purchases…
A: a) Value of GDP: GDP = C+I+G+(X-M)GDP = $400+$150+$350+($150-$100)GDP = $950B Value of NDP: NDP =…
Q: .If the economy wants to decrease private sector's investment spending, a. both the government…
A: According to classical economists, the expansionary fiscal policy in which government spending (G)…
Q: Hi there . can you please assist on the following question below Describe each of the following…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: ent expenditure includes all public consumption, investment, and transfer payment. Which of the…
A: Current expenditure of the government means the short term payments to be paid by government will…
Q: If GDPMP of a country is 50 billion and product taxes are 2 billion while subsidies given are worth…
A: GDP (as per income method) = GDP at factor cost + Taxes – Subsidies. 50= LET assume X + 2BILLION-…
Q: hich statement is NOT true? a. Government expenditure has direct control of a country's economic…
A: Government expenditure is aimed at stabilizing economy and reducing income inequalities. Government…
Q: The table below shows aggregate values a hypothetical country. Real GDP is equ GDP. The numbers are…
A: Aggregate expenditure is the sum of consumption, investment and government spending in a closed…
Q: Does Family 500 Plus and Mieszkanie Plus Program significantly increase country's GDP?
A: Family money is intensely subject to the period of a family's turn of events. As the family…
Q: Explain the following Figure. What is its substantive meaning?. Life expectancy, income and…
A: Answer: Introduction: Life expectancy at birth: life expectancy at birth refers to the expected…
Q: Most national governments economic objectives for their national economies. is: --…
A: 1. Most preferably, some important government objectives are listed below: Stable prices (low…
Q: Assume GDP is currently $10,850 billion per year and the quantity of money is $833 billion. The…
A: Given GDP = $10,850 billion Quantity of Money = $833 Per Day Expenditure of the economy = GDP…
Q: Q. 4 Under a developing economy, an analysist assigned you to calculate the following the further…
A: In terms of national accounting Gross Domestic Product (GDP) is defined as the total nominal worth…
Q: How would the economy change with a new president? What does it mean for economic growth, and job…
A: Presidents have not much power over the economy. The relation between the action of president and…
Q: Calculate Nigeria's real GDP per capita growth between the second and third quarters of 2020.…
A: Real GDP is when the base year prices are used to calculate GDP. Real GDP in Q2= 835,000 million…
Q: Compare and contrast the following activities before Pandemic COVID 19 & after COVID 19 by…
A: answer a. COVID 19 pandemic appears as a sudden jerk on most of the economic variables. Due to the…
Q: Question 1 Given the following data for a country A for the year ended December 2021 Items Private…
A:
Q: If all quantities produced rise by 5 percent and allprices fall by 5 percent, which of the following…
A: When the quantity produced increases by 5 percent, it will increase the real GDP of the economy by 5…
Q: LAS LASO SASI # SASO Real GDP SAS1 Real GDP Real GDP Figure C Figure D In the above figure, which…
A: The aggregate supply is the total amount of services and commodities that firms in an economic plan…
Q: TRUE OR FALSE • Practically all income in underdeveloped nations is used to purchase consumer goods,…
A: True Consumer goods refer to the items that are bought by the average consumer and are mainly final…
Q: a. Explain concisely whether the following statement is true or false: “The GDP of a country does…
A: Note- Since you have posted multiple independent questions in the same request, we will solve the…
Step by step
Solved in 2 steps
- Question A.write the short nots under each statement: 1. Most national governments economic objectives for their national economies. is: -- ……………………………………………………………………………………………………………………………………………………………………………………………………………… 2. Most national government economic are facing to many issues in macroeconomic prospective: objectives: ……………………………………………………………………………………………………………………………………………How do these economic indicators are affected by the government's fiscal policy, monetary and international trading policies:Nominal Fixed Investments Government Consumption Agriculture Employment(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…
- Need help with this. Thank you 1. Explain why the Government Spending (G) component of GDP falls short of actual (total) government outlays or expenditures. - If Depreciation = $479 Gross private domestic Investment (I) = $716 Government spending = $924 Imports = $547 Personal Consumption Expenditures = $2,966 Exports = $427 a. How big is the GDP? b. How big is National Income?One idea is that individuals should answer the basic economic questions, but government should step in to prevent or address a crisis. Which economist(s) promoted this idea? Keynes Smith Marx and Smith Smith and KeynesCalculate government investment per capita for each year
- Which country has the highest ratio of government spending to GDP? United States China O Japan O SwedenTrue/ False Government always works in the welfare of the economy.Please no written by hand and no emage For a country, if we sum up its consumption, investment and government spending, the total percentage of GDP could NOT be represented by which of the following. Group of answer choices 74% 89% 105% Each of the choices above could represent the total percentage
- There is an increase of investment of 2000 crore in an economy. Marginal prosperity to consume is 0 what is the total increase in income.Please do not give solution in image formate thanku After regading chapter 1, what construction-related measures can be used to describe the strength of the U.S. economy? Give examples and add scholarly resources to support your post.Pls help me with below homwork, I will upvote... A) What is the difference between economic growth and economic development. B) With the aid of a diagram, explain the income and expenditure model.