The text makes numerous cross-country comparisons, but that does not mean that we have to restrict our analysis to countries. Consider the per capital real GDP data for six U.S. states between 1997 and 2018. California West Virginia New York Texas Colorado Ohio 1997 42,792 32,627 53,846 45,091 47,335 42,086 2008 67,698 39,495 73,531 58,417 59,057 51,456 What is the difference in terms of average growth rate between the fastest growing state and the slowest growing state? Please answer with one significant figure after the dot.
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- Year Real GDP per Capita 1985 6,000 1986 6,300 1987 6,700 1988 7,200 1989 7,850 1990 8,250 1991 8,450 1992 8,550 1993 8,575 1994 8,510 1995 8,370 1996 8,100 1997 7,950 1998 7,925 1999 7,960 2000 8,035 2001 8,155 The information above describes the real GDP per capita for a country for the period from 1985 through to 2001. I.…Consider the data in the table Rank the years from hightest to lowest in terms of real GDP Year Nominal GDP GDP deflator Real GDP 2009 $1020 57 2010 $1250 62 2011 $1450 91Conduct a web search and summarize the core-periphery spatial relationshipof each of the four (4) countries being south africa, India, Jamiaca and Brazil. to determine core, semi,peripheral or peripheral
- Explore 05 yearly data of the following indicators with respect to Pakistan in graphical as well as tabular form a) Gross Domestic Product (GDP)b) Gross National Product (GNP)c) Net National Product (NNP)d) Net Domestic Product (NDP)e) National Income (NI)f) Personal Income (PI)g) Disposable Personal Income (DPI)QUANTITATIVE 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…Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1993 to 2012. Year Real GDP (2009 prices) Population 1993 $9,510,800 million 257.8 million 2012 $15,470,700 million 313.85 million
- Consider a Melanesian island nation in the South Pacific, which had a population of 0.88 million in 2010. The table below presents the nominal GDP and the GDP deflator (based on 2005 being the base year) for the years 2010, 2015 and 2020.YearNominal GDP ($millions)GDP Deflator201017500103.7201518222104.8202018755105.9Over each 5-year period, there were no significant changes to goverment policies or capital investment, and the country experienced a net migration of 0%. However, over the first five years (2010 to 2015), the growth rate of births was 12.5% while the growth rate of deaths was 7.5%. This resulted in a 5% population growth. Over the second five years (2015 to 2020), health care significantly improved such that the growth rate of births increased to 15% while the growth rate of deaths decreased to 5%. In 2010 employment population ratio is 64%. What is the real GDP per worker in 2010.Which type of statistic measures the financial-economic interdependence between the US and the countries of Latin America? Select one: a. % households with Internet access b. % exports in GDP c. % tourism in exports d. % personal remittances in GDPAt the end of the year 2020, Statistics Kenya estimated the total amount spent on consumption, government purchases, investment and net export of goods and services to arrive at the country’s GDP. What measurement approach is described above?
- South Korea has reclaimed the number one spot in terms of the ratio of research and development (R&D) spending to gross domestic product (GDP). South Korea’s ratio was 4.55 percent last year, higher than Israel’s 4.25 percent. The total amount of Korea’s R&D investment reached 78.8 trillion won (US$69.73 billion) last year, up more than 13.5 percent from a year earlier and the fifth largest in the world. The Ministry of Science and ICT released on Nov. 27 the results of its survey on R&D activities carried out in the government, public and private sectors in South Korea last year. The survey was conducted on 59,603 domestic companies from April to September based on the OECD standards for international comparison of material and human resources injected into R&D. Out of the 59,603 firms, 50,619 responded to the survey, showing a collection rate of 84.9 percent, and those not responded the survey were so small that they wouldn’t actually affect the results, according to…please answer part a-d using the data given below following data for Bacon County, Georgia, an area that produces only two products: firewood and cattle. a. The nominal GDP in 2017 in Bacon County is: 760 420 1140 1450 b. Real GDP for Bacon County for 2017 using 2007 as the base year equals 1450 690 420 560 c. What is the GDP deflator in 2017, using 2007 as the base year? 131.825 126.19 73.68 165.22 d. Assume the average annual CPI values for 2010 and 2014 were 225 and 256, respectively. What was the inflation rate for 2014 according to the CPI? 13.8% 12.1 15.6% 31.0%Is nominal GDP larger or smaller than real GDP in Panel A data? Explain why specifically. (Note that the base year for Real GDP is 2012.)