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Homework Answers
Solution: The government saving in normal cases is negative. The difference between GDP and GNP lies incorporation of net factor income from abroad. GNP has it. Current account balance is also net export.
In government saving
calculation, interest payment to domestic private sector by the
government has also been deducted.
Answering first four parts is as per HOMEWORKLIB RULES.
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Consider an economy that produces only three types of fruit: apples bananas, and oranges. In the base year (a few years ago), the production and price data are listed in the tables to the right. Base Year Quantity Fruit Apples Bananas 5,000 bunches Oranges Price 3,000 bags In the base year, nominal GUP was s In the current year, nominal GDP is $ (Round both answers to the nearest whole number.) $2 per bag $3 per bunch $5...
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Consider an economy that produces only three types of fruit: apples bananas, and oranges. In the base year (a few years ago), the production and price data are listed in the tables to the right. Base Year Quantity Fruit Apples Bananas 5,000 bunches Oranges Price 3,000 bags In the base year, nominal GUP was s In the current year, nominal GDP is $ (Round both answers to the nearest whole number.) $2 per bag $3 per bunch $5...
1
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The nominal interest rate is 5.5%. (Round your answer in percentage points to one decimal...
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