Homework Answers
GDP =C+I+G+(X-M) which gives nominal GDP as =600+150+200+250-200=1000 millions
Nominal GDP/Real GDP= GDP deflator = Price index=1.1 hence areal GDP=1000/1.1= 909.09millions
Real GDP per Capital=Real GDP/Population=$909.09*10^6/10^5=$9090.9
Real GDP is calculated as nominal GDP/price index so as to normalise the GDP amount purely jn terms of output increase and not including the price changes
Add Answer to:
CUI 120ValueNCS 750 Assignment 2 Winter 2020 (10%) Name: Student ID: 1) Using the information from...
Problem Set 1 EC 202, Winter 2020 University of Oregon points total) Below is a schedule...
Problem Set 1 EC 202, Winter 2020 University of Oregon points total) Below is a schedule for the prices and quantities produced for food, energy, and smithore-the only three goods produced on the planet Irata-in 2018 and 2019. Prices (in $) Quantities 2019 2019 2018 2018 31 27 18 food 20 34 35 15 14 energy smithore 48 54 12 Fill in the table below, calculating the total GDP for Irata for 2018 and 2019, in both 2018 prices and...
1. 2. 3. 4. a. When referring to GDP, which of the following is included in...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
1 23 You are given the following information about an economy: Gross private domestic investment 50...
1
23
You are given the following information about an economy: Gross private domestic investment 50 Government purchases of goods and services 35 Gross national product (GNP) 300 Current account balance10 Taxes 60 Government transfer payments to the domestic private sector 30 Interest payments from the government to the domestic private sector10 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world 6 Factor payments made to rest of world8 Assuming that...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED....
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
1. A self-employed woman marries the man she has been paying to do her accounting. After...
1. A self-employed woman marries the man she has been paying to do her accounting. After they marry they decide there is no point continuing to write a check to him since they are now one-household. What effect does this have on GDP? Select one: a. None, since only their legal status changes and the same amount of productive activity is being done. b. GDP decreases because his accounting services were an intermediate good and are now a final good....
5. Suppose that California imposes a sales tax of 10 percent on all goods and services....
5. Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $200. With the 10 per cent sales tax, his total comes to $220. How much of the $220 paid by Ralph will be counted in the national income and prod. uct accounts as private income (employee compensation, rents....
1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job...
1. Structural unemployment is the result of A) short-term movement of workers between jobs. B) job search for first-time job seekers. C) technological change or permanent changes in industry demand. D) business cycle fluctuations. E) recurring changes in the hiring needs of certain industries. 2. The real interest rate equals A) the nominal interest rate minus the rate of unexpected inflation. B) the rate of expected inflation minus the nominal interest rate. C) the nominal interest rate minus the rate...
Ante tolikowing Us Towy w Et Questo 39 Gradesh 1. The western component DD 2. An...
Ante tolikowing Us Towy w Et Questo 39 Gradesh 1. The western component DD 2. An increase in real GDP of the UNE output of goods and services U 3. Economists use the termino debe overall production levels rising 4. Suppose that a borrower and and then on a loan. Then nation turns out to be the one that the real interest rate on this loans lower than 6. The catch-up effect is deed the property where rich more rapidly...
1. Production possibility frontiers usually exhibit _________________ marginal ________________. 2. Anne can catch 10 fish in...
1. Production possibility frontiers usually exhibit _________________ marginal ________________. 2. Anne can catch 10 fish in a day or pick 5 coconuts while Nancy can catch 12 fish or pick 9 coconuts. For each fish and coconuts, say who has an absolute advantage and who has a comparative advantage. 3. The gains from specialization are limited by the extent of ______________________. 4. We assume that production functions exhibit ___________________ marginal product of all inputs. 5. List the 3 categories of...
1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%....
1) The Economy cannot be considered fully employed unless the measured unemployment rate is below 1%. Agree or disagree and explain your answer in a paragraph. What is the current actual u - rate for the US economy as of Sep 2019 Data for 2019 ? Is this unemploymen t rate bel ow or above or equal to u - rate at full employment (usually called natural rate of unemployment or NAIRU)? 2) A) Why would you expect the inflation...
Problem Set 1 EC 202, Winter 2020 University of Oregon points total) Below is a schedule for the prices and quantities produced for food, energy, and smithore-the only three goods produced on the planet Irata-in 2018 and 2019. Prices (in $) Quantities 2019 2019 2018 2018 31 27 18 food 20 34 35 15 14 energy smithore 48 54 12 Fill in the table below, calculating the total GDP for Irata for 2018 and 2019, in both 2018 prices and...
1. 2. 3. 4.
a. When referring to GDP, which of the following is included in GDP? Money spent on services by households (haircuts, meals at restaurants, lawyer, etc.) New cars that are purchased this year, but produced last year. Social Security payments. Goods that were produced by U.S. citizens abroad. b. Which of the following transactions is not included in GDP? Sean purchases coffee produced in Guatemala. Thomas pays to have his taxes done by a national accounting company...
1
23
You are given the following information about an economy: Gross private domestic investment 50 Government purchases of goods and services 35 Gross national product (GNP) 300 Current account balance10 Taxes 60 Government transfer payments to the domestic private sector 30 Interest payments from the government to the domestic private sector10 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world 6 Factor payments made to rest of world8 Assuming that...
2. Download the annual real GDP and GDP data of the United States 1950-2018 from FRED. For the real GDP, the data online is chain-weighted and uses 2012 as the base year. In the lecture hursday, I showed you the detailed method and calculated the new chain-weighted real GDP when 1990 is the base year. You are required to calculate a new sequence of chain- weighted real GDP given a new base-year. The base year you should use in your...
5. Suppose that California imposes a sales tax of 10 percent on all goods and services. A Californian named Ralph then goes into a home improvement store in the state capital of Sacramento and buys a leaf blower that is priced at $200. With the 10 per cent sales tax, his total comes to $220. How much of the $220 paid by Ralph will be counted in the national income and prod. uct accounts as private income (employee compensation, rents....
Ante tolikowing Us Towy w Et Questo 39 Gradesh 1. The western component DD 2. An increase in real GDP of the UNE output of goods and services U 3. Economists use the termino debe overall production levels rising 4. Suppose that a borrower and and then on a loan. Then nation turns out to be the one that the real interest rate on this loans lower than 6. The catch-up effect is deed the property where rich more rapidly...
Most questions answered within 3 hours.
-
The moment of inertia of a disk rotating about its axis of
symmetry is Icm=1/2MR^2
The...
asked 1 minute from now -
When using a relational database what makes data
formatting so important and critical to the functions...
asked 9 minutes ago -
The following temperatures show the (fictional) daily low
measured at O'Hare airport every January 1st from...
asked 29 minutes ago -
Your friend is interested in the characteristics of fast tree
planters. He searched through the records...
asked 36 minutes ago -
. 0.67 g of Ag is deposited electrolytically from
AgNO3 after a certain period of time...
asked 37 minutes ago -
assuming that the boric acid, h3po3 present at the end of the
borax tritation has a...
asked 36 minutes ago -
When a carbonate solution is acidified, carbon dioxide is
produced.
2H+(aq) + CO32-(aq) → H2O(l) +...
asked 1 hour ago -
A reaction has the following rate law: Rate =
kr[A][B]2. In experiment 1, the
concentrations of...
asked 1 hour ago -
king owns a large number of public pay phones. as rhe use of
payphones decline deamatically,...
asked 1 hour ago -
3.7 - A book is sitting on a table. The mass of the book
is 1...
asked 1 hour ago -
Which term describes the process by which a single strand of DNA
serves as a template...
asked 1 hour ago -
LAB FOOD DRING
ANSWER THE QUESTIONS:
Q1. What value is the moisture content versus time and...
asked 1 hour ago