Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020Year Population GDPInflation Unemployment %Money'000(%)Supply -M2(TT$Mn)2020 1,366.72019 1,364.02018 1,359.22017 1,356.62016 1,353.9CurrentPrices (TT$Mn)144,422.1iii.161,335.3161,284.3157,150.1Source: CBTT, 2022;Percentage GDPChangePerConstantGDP-7.4-0.2-0.7-2.7149,208.6 -6.3Capita(TT)0.61.01.01.93.1Question 1.a. Illustrate, with the aid of line graphs, the following:i.GDP and Years (2016 - 2020)ii.Inflation rate and Unemployment rate (2016 -2020)Economic growth for the period (2016-2020)5.74.33.94.84.099229.889425.8RepoRate(end ofperiod,%)89475.2 53.588636.2586754.6 4.754.75

Gross domestic output is the total market value of goods and services which is produced domestically…

Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020 GDP Inflation Unemployment % Money Year Population GDP '000 Per (%) Supply - M2 (TT$Mn) 2020 1,366.7 2019 1,364.0 2018 1,359.2 2017 1,356.6 2016 1,353.9 Current Prices (TT$ Mn) 144,422.1 161,335.3 -0.2 157,150.1 Percentage Change Constant GDP 161,284.3 -0.7 149,208.6 -7.4 Source: CBTT, 2022; -2.7 -6.3 Capita (TT) 0.6 1.0 1.0 1.9 3.1 Question 1. a. Illustrate, with the aid of line graphs, the following: i. GDP and Years (2016 - 2020) ii. iii. Inflation rate and Unemployment rate (2016-2020) Economic growth for the period (2016-2020) 5.7 4.3 3.9 4.8 4.0 99229.8 Repo Rate (end of period, %) 3.5 89475.2 5 89425.8 5 88636.2 86754.6 4.75 4.75

Table 1: Selected Economic Indicators for Trinidad and Tobago 2016 - 2020 GDP Inflation Unemployment % Money Year Population GDP '000 Per (%) Supply - M2 (TT$Mn) 2020 1,366.7 2019 1,364.0 2018 1,359.2 2017 1,356.6 2016 1,353.9 Current Prices (TT$ Mn) 144,422.1 161,335.3 -0.2 157,150.1 Percentage Change Constant GDP 161,284.3 -0.7 149,208.6 -7.4 Source: CBTT, 2022; -2.7 -6.3 Capita (TT) 0.6 1.0 1.0 1.9 3.1 Question 1. a. Illustrate, with the aid of line graphs, the following: i. GDP and Years (2016 - 2020) ii. iii. Inflation rate and Unemployment rate (2016-2020) Economic growth for the period (2016-2020) 5.7 4.3 3.9 4.8 4.0 99229.8 Repo Rate (end of period, %) 3.5 89475.2 5 89425.8 5 88636.2 86754.6 4.75 4.75

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 16RQ: How do you convert a series of nominal economic data over time to real terms?

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