Principles of Economics 2e
2nd Edition
ISBN: 9781947172364
Author: Steven A. Greenlaw; David Shapiro
Publisher: OpenStax
expand_more
expand_more
format_list_bulleted
Textbook Question
Chapter 19, Problem 9SCQ
The Central African Republic has a
Expert Solution & Answer
Trending nowThis is a popular solution!
Students have asked these similar questions
Suppose India has a GDP of 196 trillion Indian rupees, and a population of 1.3 billion. The exchange rate is 75 rupees per U.S. dollar. Calculate the GDP per capita of India as measured in U.S. dollars.
In 2018, Belize had a GDP of 4 billion Belize dollars, and a population of 400,000 people. The exchange rate was 2 Belize dollars per U.S. dollar. Calculate the GDP per capita of Belize in 2018 as measured in U.S. dollars
a.
2,000 USD
b.
4,000 USD
c.
5,000 USD
d.
10,000 USD
Iberia's imports of goods and services are $ ____ billion
Thanks!!
Chapter 19 Solutions
Principles of Economics 2e
Ch. 19 - Country A has export sales of 20 billion,...Ch. 19 - Which of the following are included in GDP, and...Ch. 19 - Using data from Table 19.5 how much of the nominal...Ch. 19 - Without looking at Table 19.7, return to Figure...Ch. 19 - According to Table 19.7, how often have recessions...Ch. 19 - According to Table 19.7, how long has the average...Ch. 19 - According to Table 19.7, how long has the average...Ch. 19 - Is it possible for GDP to rise while at the same...Ch. 19 - The Central African Republic has a GDP of...Ch. 19 - Explain briefly whether each of the following...
Ch. 19 - What are the main components of measuring GDP with...Ch. 19 - What are the main components of measuring GDP with...Ch. 19 - Would you usually expect GDP as measured by what...Ch. 19 - Why must you avoid double counting when measuring...Ch. 19 - What is the difference between a series of...Ch. 19 - How do you convert a series of nominal economic...Ch. 19 - What are typical GDP patterns for a high-income...Ch. 19 - What are the two main difficulties that arise in...Ch. 19 - List some of the reasons why economists should not...Ch. 19 - U.S. macroeconomic data are among the best in the...Ch. 19 - What does GDP not tell us about the economy?Ch. 19 - Should people typically pay more attention to...Ch. 19 - Why do you suppose that U.S. GDP is so much higher...Ch. 19 - Why do you think that GDP does not grow at a...Ch. 19 - Cross country comparisons of GDP per capita...Ch. 19 - Why might per capita GDP be only an imperfect...Ch. 19 - How might you measure a green GDP?Ch. 19 - Last year, a small nation with abundant forests...Ch. 19 - The prime interest rate is the rate that banks...Ch. 19 - A mortgage 105m is a loan that a person makes to...Ch. 19 - Ethiopia has a GDP of 8 billion (measured in U.S....Ch. 19 - In 1980, Denmark had a GDP of 70 billion (measured...Ch. 19 - The Czech Republic has 3 GDP of 1,800 billion...
Additional Business Textbook Solutions
Find more solutions based on key concepts
Ravenna Candles recently purchased candleholders for resale in its shops. Which of the following costs would be...
Financial Accounting (12th Edition) (What's New in Accounting)
What is of key importance for a company whose products can be processed further?
Principles of Accounting Volume 2
Fixed manufacturing overhead variance analysis (continuation of 8-23). The Sourdough Bread Company also allocat...
Horngren's Cost Accounting: A Managerial Emphasis (16th Edition)
Discussion Questions 1. What characteristics of the product or manufacturing process would lead a company to us...
Managerial Accounting (5th Edition)
A piece of equipment is purchased for $40,000 and has an estimated salvage value of $1,000 at the end of the re...
Construction Accounting And Financial Management (4th Edition)
E2-13 Identifying increases and decreases in accounts and normal balances
Learning Objective 2
Insert the mis...
Horngren's Accounting (11th Edition)
Knowledge Booster
Similar questions
- Given the following: The population of a country is 4.2 million. The GNP in million $ is 6132. In the local currency (the sucres S) the per capita income is 159140 S. Calculate the exchange rate for this situation.arrow_forward4.2 million people make up a nation's population.The GNP is 6132 million dollars.The per capita income in sucres S, the local currency is 159140 S. Determine the exchange rate in this case.arrow_forwardCalculating the gross domestic product for various countries using purchasing power parity exchange rate is more reliable as exchange rates fluctuations are included. less reliable as exchange rates fluctuations are included. more reliable as the impact of exchange rates fluctuations is reduced.arrow_forward
- How is the performance of Philippine economy in the year 2020 in terms of peso currency exchange rate to US dollars?arrow_forwardThe U.S. government gives $1,000,000 to Somalia. In the U.S. balance of payments, the gift of funds is recorded as a ______ to the ________ account and as a ______ to the ________ accountarrow_forwardDistinguish between Exchange Rate Method and Purchasing Power Parity as methods of comparing Country GDP in terms of either income or expenditure through an examplearrow_forward
- If the balance of trade is 2050 billion and the value of exports are 3000 billion find the value of imports!arrow_forwardSuppose balance of trade is $630 and imports of goods is $115 find the exact value of the exports of good.arrow_forwardThe value of net exports equals the value of A. national saving – domestic investment. B. national saving – net capital outflow. C. public saving. D. national saving.arrow_forward
- If U.S. net exports are negative, then net capital outflow is A. negative, so American assets bought by foreigners are greater than foreign assets bought by Americans. B. positive, so foreign assets bought by Americans are greater than American assets bought by foreigners. C. positive, so American assets bought by foreigners are greater than foreign assets bought by Americans. D. negative, so foreign assets bought by Americans are greater than American assets bought by foreigners.arrow_forwardState true/False Difference between value of exports and imports of goods and services is called trade balance.arrow_forwardIn 2012, the country of Portugal exported goods worth $312 billion and services worth $198 billion. It imported goods worth $520 billion and services worth $225 billion. It's investors received $261 billion in income on foreign stocks and bonds, while it paid $151.2 billion in dividends for Portuguese assets. It sent $2.1 billion in typhoon relief to the Philippines, and received $3 billion to support its scientific research into cork flooring. What was the current account balance in Portugal for 2012?arrow_forward
arrow_back_ios
SEE MORE QUESTIONS
arrow_forward_ios
Recommended textbooks for you
- Principles of Economics 2eEconomicsISBN:9781947172364Author:Steven A. Greenlaw; David ShapiroPublisher:OpenStax
Principles of Economics 2e
Economics
ISBN:9781947172364
Author:Steven A. Greenlaw; David Shapiro
Publisher:OpenStax