explain the economic health of Grenada base on the information below Grenada gdp per capita for 2020 was $9,680, a 10.5% decline from 2019. Grenada gdp per capita for 2019 was $10,816, a 3.14% increase from 2018. Grenada gdp per capita for 2018 was $10,486, a 3.29% increase from 2017. Grenada gdp per capita for 2017 was $10,153, a 5.45% increase from 2016.

explain the economic health of Grenada base on the information below Grenada gdp per capita for 2020 was $9,680, a 10.5% decline from 2019. Grenada gdp per capita for 2019 was $10,816, a 3.14% increase from 2018. Grenada gdp per capita for 2018 was $10,486, a 3.29% increase from 2017. Grenada gdp per capita for 2017 was $10,153, a 5.45% increase from 2016.

Macroeconomics

13th Edition

ISBN:9781337617390

Author:Roger A. Arnold

Publisher:Roger A. Arnold

Chapter7: Macroeconomic Measurements, Part Ii: Gdp And Real Gdp

Section: Chapter Questions

Problem 3QP

See similar textbooks

Similar questions

Explain the data below and Grenada gdp per capita for 2020 was $9,680, a 10.5% decline from 2019. Grenada gdp per capita for 2019 was $10,816, a 3.14% increase from 2018. Grenada gdp per capita for 2018 was $10,486, a 3.29% increase from 2017. Grenada gdp per capita for 2017 was $10,153, a 5.45% increase from 2016.
In May 2013, the value of the Consumer Price Index (CPI) in a certain country, Polonia, reached an all-time high of 218 index points and per capita nominal GDP was $41,800. In January 1950, the CPI was at its lowest at 87 index points. Per capita nominal GDP in 1950 was $7,600. Calculate real GDP per capita for 1950 by converting that year's nominal GDP per capita into current (2013) dollars. For 1950, real GDP per capita (in 2013 dollars) was $....... (Round your response to one decimal place.) For the people of Polonia, life satisfaction was likely higher in ▼ . The level of life satisfaction hinges on the correlation between happiness and real GDP per capita. Surveys done by social scientists indicate ▼ a robust positive relationship a weak positive relationship an indeterminate relationship a negative relationship between life satisfaction and real GDP per capita.
In May 2013, the value of the Consumer Price Index (CPI) in a certain country, Polonia, reached an all-time high of 202 index points and per capita nominal GDP was $33,500. In January 1950, the CPI was at its lowest at 66 index points. Per capita nominal GDP in 1950 was $9600. Calculate real GDP per capita for 1950 by converting that year's nominal GDP per capita into current (2013) dollars. For 1950, real GDP per capita (in 2013 dollars) was S. (Round your response to one decimal place.) For the people of Polonia, life satisfaction was likely higher in The level of life satisfaction hinges on the correlation between happiness and real GDP per capita. Surveys done by social scientists indicate V between life satisfaction and real GDP per capita.
Use the table below to answer the following questions. GDP per capita 2015 ($) 3, 664 4, 102 2, 007 10, 860 8, 603 GDP per capita 2020 ($) Country Bolivia China Ghana 4, 592 7, 519 2,615 15, 854 11, 239 Argentina Brazil Which of the countries had the highest level of per capita income in 2020? Ghana O Brazil O China O Bolivia O Argentina Which country had the highest rate of income growth from 2015 to 2020? O Ghana O Bolivia O China Brazil O Argentina Do incomes in these countries appear to be converging? O Yes, the countries with the highest income levels do not have faster growth. O Yes, the countries with the lowest income levels do not have faster growth. O No, the countries with the highest income levels do not have faster growth. O No, the countries with the lowest income levels do not have faster growth.
In May 2013, the value of the Consumer Price Index (CPI) in a certain country, Polonia, reached an all-time high of 228 index points and per capita nominal GDP was $48 comma 500. In January 1950, the CPI was at its lowest at 46 index points. Per capita nominal GDP in 1950 was $8 comma 000. Calculate real GDP per capita for 1950 by converting that year's nominal GDP per capita into current (2013) dollars. For 1950, real GDP per capita (in 2013 dollars) was
Explain/demonstrate period(s), since 2010, where the Jamaican economy experienced GDP Growth. Include at least one (1) economic development that would have contributed to each of the economic situations materializing. Gross Domestic Product at Constant Prices from 2010 to 2019 (Source: STATIN, adjusted for ECN201) Item 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 The Expenditure Method Gross Domestic Expenditure 942,350 980,689 963,486 965,214 966,311 953,543 953,901 973,620 987,322 1,001,400 Private Final Consumption Expenditure 644,269 668,907 662,325 657,777 652,211 651,549 650,520 658,147 664,654 671,455 Government Final Consumption Expenditure 125,095 123,275 123,494 120,046 119,514 119,336 120,911 121,768 121,482 123,616 Gross Fixed Capital Formation 170,404 184,289 175,160 185,032 190,625 181,443 181,576 190,001…
Consumption $400 Imports $ 10 Net investment $ 20 Government purchases $ 100 Exports $ 20 Capital consumption allowance $ 20 Statistical discrepancy $ 6 Receipts of factor income from the rest of the world $ 10 Payments of the factor income to the rest of the world $ 13 What is the GDP for this economy? What is the GNP for this economy? What is the NNP for this economy? What is the national income for this economy? What is the gross investment in for this economy?
For 2008, GDP in the United States was estimated at $14.265 Trillion Dollars. If the estimated population was 303 million, what was the GDP per capita that year? What share of GDP would accrue to a family of four?
GDP per capita for the U.S. and Bhutan. How do they compare? What do the GDP per capita calculations indicate with respect to standards of living in each country? Now, research Gross National Happiness (GNH). Compare GNH in Bhutan to Bhutan’s GDP. Which measure do you think is the most useful measure in evaluating a nation’s standard of living?
Life expectancy at birth in Iceland: Total population is 83.25 years. Male 81.21 years. Female 85.79 years. (2021 est.) Iceland population 354,234(July 2021 est.) Iceland GDP per capita: $52,300 note: data are in 2017 dollars (2020 est.) $56,900 note: data are in 2017 dollars (2019 est.) $56,700 note: data are in 2017 dollars (2018 est.) Data are in 2010 dollars Iceland in purchasing power parity: $19.16 billion note: data are in 2017 dollars (2020 est.) $20.52 billion note: data are in 2017 dollars (2019 est.) $20.01 billion note: data are in 2017 dollars (2018 est.) Data are in 2010 dollars PPP for Iceland GNP per capita=?
Use the information below Consumer spending = $200 million Capital Consumption Allowance = $80 million Investment spending = $55 million Total Earnings of Citizens from abroad = $120 million Total Earnings of non-citizens within the country = $50 million State and local government purchases = $120 million Federal government purchases = $80 million Government purchases of housing units for the victims of typhoon = $200 millions Imports = $50 million Exports = $45 million Income taxes = $100 million Calculate for GDP Calculate for GNP Calculate for NNP
The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions. 2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Calculate per capita spending in 2010 and 2020, respectively, using constant dollars. *Results round to the nearest dollar. 2010 per capita spending: 2020 per capita spending: 2. Calculate the compound annual growth rate of per capita spending from 2010 to 2020 3. Calculate spending-to-GDP ratios in 2010 and 2020, respectively. *Results round to the nearest 2 decimal places. 2010 spending-to-GDP ratio: 2020 spending-to-GDP ratio: Interpret what the two spending-to-GDP ratios tell us about City A’s spending trend. 4. Assuming City A’s population grows at a constant rate in the next decade.…