If you have data on country x for a specific commodity for the year 2020 Domestic production of the commodity 1,800,000 The export value is 20 million The import value is 35 million Change in commodity stock -10 The population is 12 million 2% population growth rate Growth rate in non-lax per capita consumption 4% The marginal propensity to invest 40% The average propensity to consume 80% National growth rate 5% Requirement: 1- Calculate an estimate of the volume of expected consumption of the commodity for the year 2024 according to the second method 2- Calculate the expected consumption value for the year 2024 and its first method (Standard method) 3- Calculate the growth rates in the value of expected consumption according to two methods

If you have data on country x for a specific commodity for the year 2020 Domestic production of the commodity 1,800,000 The export value is 20 million The import value is 35 million Change in commodity stock -10 The population is 12 million 2% population growth rate Growth rate in non-lax per capita consumption 4% The marginal propensity to invest 40% The average propensity to consume 80% National growth rate 5% Requirement: 1- Calculate an estimate of the volume of expected consumption of the commodity for the year 2024 according to the second method 2- Calculate the expected consumption value for the year 2024 and its first method (Standard method) 3- Calculate the growth rates in the value of expected consumption according to two methods

Exploring Economics

8th Edition

ISBN:9781544336329

Author:Robert L. Sexton

Publisher:Robert L. Sexton

Chapter20: Economic Growth In The Global Economy

Section: Chapter Questions

Problem 4P

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