Economics, Student Value Edition (7th Edition)
7th Edition
ISBN: 9780134739229
Author: R. Glenn Hubbard, Anthony Patrick O'Brien
Publisher: PEARSON
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Question
Chapter 22, Problem 22.1RDE
Sub part (a):
To determine
The relationship between labor productivity in the manufacturing sector and non-farm business sector.
Sub part (b):
To determine
The relationship between labor productivity in the manufacturing sector and non-farm business sector.
Sub part (c):
To determine
The relationship between labor productivity in the manufacturing sector and non-farm business sector.
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5. If Philippines GDP exceeds Philippines GNP, thena. foreigners are producing more in the Philippines than Philippine citizens are producingin foreign countries.b. Philippine citizens are producing more in foreign countries than foreigners areproducing in the Philippines.c. the Philippines real GDP is more accurate than the Philippines GNP.d. the Philippines real GDP is higher compared to the Philippines nominal GDP.
*base year is 2003
Part 1)
In 2020, the country produced 16 machinery and 40 services.
In 2020, the machinery price was Pm_2020 = 90, and of services, Ps_2020 = 44.
In 2019, the machinery price was Pm_2019 = 72, and of services Ps_2019 = 39.
-Calculate the nominal GDP of 2020.
-The GDP of 2019 was 2607, and the country made 14 machinery. Find how many services the country produced.
The table gives data about Northland's economy in
2017.
What is the value of GDP in Northland in
2017?
The value of GDP in Northland in
2017
is _______.
A.
$2,262
billion
B.
$1,291
billion
C.
$971
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D.
$1,439
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Item
Amount
(billions)
Consumption expenditure
720
Wages
652
Indirect taxes less subsidies
148
Investment
235
Net exports of goods and services
54
Profit
171
Government expenditure on goods and services
282
Chapter 22 Solutions
Economics, Student Value Edition (7th Edition)
Ch. 22 - Prob. 22.1.1RQCh. 22 - Prob. 22.1.2RQCh. 22 - Prob. 22.1.3PACh. 22 - Prob. 22.1.4PACh. 22 - Prob. 22.1.5PACh. 22 - Prob. 22.1.6PACh. 22 - Prob. 22.1.7PACh. 22 - Prob. 22.1.8PACh. 22 - Prob. 22.2.1RQCh. 22 - Prob. 22.2.2RQ
Ch. 22 - Prob. 22.2.3RQCh. 22 - Prob. 22.2.4RQCh. 22 - Prob. 22.2.5PACh. 22 - Prob. 22.2.6PACh. 22 - Prob. 22.2.7PACh. 22 - Prob. 22.2.8PACh. 22 - Prob. 22.2.10PACh. 22 - Prob. 22.2.11PACh. 22 - Prob. 22.2.12PACh. 22 - Prob. 22.3.1RQCh. 22 - Prob. 22.3.2RQCh. 22 - Prob. 22.3.3PACh. 22 - Prob. 22.3.4PACh. 22 - Prob. 22.3.5PACh. 22 - Prob. 22.3.6PACh. 22 - Prob. 22.4.1RQCh. 22 - Prob. 22.4.2RQCh. 22 - Prob. 22.4.3RQCh. 22 - Prob. 22.4.4PACh. 22 - Prob. 22.4.5PACh. 22 - Prob. 22.4.6PACh. 22 - Prob. 22.4.8PACh. 22 - Prob. 22.4.9PACh. 22 - Prob. 22.4.10PACh. 22 - Prob. 22.4.11PACh. 22 - Prob. 22.4.12PACh. 22 - Prob. 22.5.1RQCh. 22 - Prob. 22.5.2RQCh. 22 - Prob. 22.5.3PACh. 22 - Prob. 22.5.4PACh. 22 - Prob. 22.5.5PACh. 22 - Prob. 22.5.6PACh. 22 - Prob. 22.5.7PACh. 22 - Prob. 22.5.8PACh. 22 - Prob. 22.5.9PACh. 22 - Prob. 22.1RDECh. 22 - Prob. 22.2RDECh. 22 - Prob. 22.3RDE
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