Population 2017 2018 400,000 408,000 Number of Hours Worked 875,000,000 875,000,000 Real GDP $7,000,000,000 $7,068,600,000 Real GDP per Person $ $ Labor Productivity $ $ The growth rate of the population between 2017 and 2018 is Calculate real GDP per person in 2017 and 2018 and enter the values in the previous table. The growth rate of real GDP per person between 2017 and 2018 is
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- Retrieve the following data from The World Bank database (http //databank.worldbank. org/data/ home.aspx) for India, Spain, and South Africa for the most recent year available: • GDP in constant international dollars or PPP • Population • GOP per person in constant international dollars • Mortality rate, infant (per 1,000 live births) • Health expenditure per capita (current U.S. dollars) • Life expectancy at birth, total (years)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.…The following table shows data for a hypothetical economy in 2017 and 2018. Use the table to answer the questions that follow. 2017 2018 Population 800,000 808,000 Number of Hours Worked 2,000,000,000 2,000,000,000 Real GDP $16,000,000,000 $16,644,800,000 Real GDP per Person Labor Productivity 2. The growth rate of the population between 2017 and 2018 is ? 3.Calculate real GDP per person in 2017 and 2018 and enter the values in the previous table. The growth rate of real GDP per person between 2017 and 2018 is ? 4. Assuming that real GDP per person is a good measure of living standards, between 2017 and 2018, living standards for which of the following reasons? a.Productivity growth outpaced population growth. b.The number of hours worked remained the same. c.Population growth outpaced productivity growth.
- The following abstract appeared in gultnews.com on January 14th, 2019. "The UAE is forecast to achieve an annual average real GDP growth rate of 3.89% between 2019 and 2023, supported by an increase in investment Nows and private consumption A Would the nominal rate be less, the same or more than 3.8% Explain your answer discussing the difference between nominal GDP and8 GDP is used up by FOUR ultimate users Who are they? C Discuss whether the method that you use to calculate GDP influence the final resultSuppose firms in Utopia produce only ice cream and chocolate candies. Consider Utopia's production information presented in the table below. Ice cream Chocolate Candies Year Quantity Produced (gallons) Price per gallon Quantity Produced (boxes) Price per candy box 2014 6,000,000 $10 14,000,000 $4 2015 7,000,000 $8.75 16,000,000 $4.75 2016 8,500,000 $8 20,000,000 $5.5 Nominal GDP of Utopia was the highest in __? The real GDP of Utopia in 2016 is higher if ___ is the base year than if ____ is the base year.Suppose an economy that produces and consumes apples, bread, and toy-cars. In the following table are data for two different years. 2019 2020 Good Quantity Price Quantity Price Apples 50 Rs.50 60 Rs.60 Bread 200 Rs. 20 180 Rs.25 Cars 25 Rs. 100 30 Rs.140 a. Using 2019 as the base year, compute the following statistics for 2019 and 2020 in the table given below: Statistics 2018 2019 GROSS DOMESTIC PRODUCT Nominal GDP Real GDP GROWTH RATE Growth Rate of Nominal GDP Growth Rate of Real GDP PRICE INDICES GDP deflator Inflation rate using GDP deflator - CPI (a fixed-weight price index) Inflation rate using CPI b. How much did the cost of living rise between 2018 and 2019? Compare the answers given by GDP deflator and CPI. Explain the difference. c. Explain which price index (GDP deflator or CPI) should be used to adjust the salaries, budget or spending to counterbalance the changes in the cost of living? Why?
- this question is for macroeconomics but on bartleby it just show economics Canada’s real GDP in November 2020was $1,934,643,000 and $1,990.238,000 in November 2019. Canada’s population was 37,593,384 in 2019 and 38,005238 in 2020. Complete the questions below, fully showing your calculations. (7 marks) A .What is the growth rate of real GDP from November 2019 to November 2020? B. What is the growth rate of real GDP per person? C. Explain what is happening to the Standard of Living in Canada from November 2019 to November 2020?The country of Iran produces laptops and food processors. The table below shows price and output data in these industries for the years 2013 through 2015. 2013 2014 2015 price quantity price quantity price quantity Laptops $1,200 450 $1,000 600 $800 1000 Food Processors $200 2000 $300 1900 $400 1600 Which of the following shows how to find 2014 GDP in 2015 prices? Group of answer choices A) $1200 x 600 + $200 x 1900 = $1,100,000 B) $800 x 600 + $400 x 1900 = 1,240,000 C) $1000 x 600 + $300 x 1900 = $1,170,000 D) $1000 x 1000 + $300 x 1600 = $1,480,000 E) $1000 x 800 + $300 x 400 = $920,000Gross Domestic Product (GDP) is one important indicator of economic well-beingof an economy. The following table shows expenditure components in the GDP ofa certain economy across three years (in billion dollars, 2018 chained values): 2017 2018 2019 Private Consumptions 1000 1100 1200 Private Investments 500 520 540 Government Spending 100 150 180 Exports 8500 9000 8600 Imports 8300 8800 8500 a. Compute the annual economic growth rates over the period. Describe how theeconomy changed over time. b. Briefly explain the changing sources of growth during the period. Brieflycomment on such changes. Adopt relevant calculations as appropriate. c. Briefly explain TWO limitations of relying on the above figures to indicate theeconomic well-being of the households in the economy .d. Refer to your answers in (c), suggest TWO additional macroeconomic indicatorsto accompany with the given figures in representing the changing economicwell-being. Briefly explain your choices.
- The table below presents a brief summary of City A’s total spending, local GDP, and population changes. Read the table and answer the following questions. 2010 2020 Total spending ($ million) 89 104.12 Local GDP ($ millions) 110 134 Population 50,000 56,275 CPI deflators (2012=1) 0.96 1.05 Calculate % change for City A’s total spending from 2010 to 2020 in current dollars. *Results round to the nearest 2 decimal places. Calculate % change for City A’s total spending from 2010 to 2020 in constant dollars. *Results round to the nearest 2 decimal places. Why does % change calculated from constant dollars differ from % change calculated from current dollar? 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: Calculate the compound annual growth rate of per capita spending from 2010 to 2020…Please help with questions D & E: Consider an economy that produces and consumes shoes and houses. In the table below are data for two different users. 2000 2001 Price of a house $120,000 $145,000 Number of houses produced 1000 1050 Price of a pair of shoe $150 $170 Number of pairs of shoes produced 650,000 525,000 Year 2000 Year 2001 Price of a house $120,000 Price of a pair of shoes $150, $170 Number of houses produced 1,000 Number of pairs of shoes 650,000, 525,000 (a) What is the Consumer Price Index (CPI)? (b) Calculate the CPI for both years. (c) Calculate the rate of inflation for 2001 using the CPI. (d) Calculate the GDP deflator for both years. (e) Calculate the rate of inflation for 2001 using the GDP deflator. Please help with questions D & E only.Please help with questions D & E: Consider an economy that produces and consumes shoes and houses. In the table below are data for two different users. 2000 2001 Price of a house $120,000 $145,000 Number of houses produced 1000 1050 Price of a pair of shoe $150 $170 Number of pairs of shoes produced 650,000 525,000 Year 2000 Year 2001 Price of a house $120,000 Price of a pair of shoes $150, $170 Number of houses produced 1,000 Number of pairs of shoes 650,000, 525,000 (a) What is the Consumer Price Index (CPI)? (b) Calculate the CPI for both years. (c) Calculate the rate of inflation for 2001 using the CPI. (d) Calculate the GDP deflator for both years. (e) Calculate the rate of inflation for 2001 using the GDP deflator.
