ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN: 9780190931919
Author: NEWNAN
Publisher: Oxford University Press
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1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP
calculated in terms of S. (1T=1,2 S)
Before Growth
After Growth Percentage Change
Production of T
Consumption of T
Export of T
Production of S
Consumption of S
Import of S
TOT
GDP
2250
2925
900
810
1800
1,2
1,2
a) Explain what type of Economic Growth is this country experiencing? Show your
calculations.
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Transcribed Image Text:1) Complete the table. Please note that the world price of T in terms of S is 1,2 and GDP calculated in terms of S. (1T=1,2 S) Before Growth After Growth Percentage Change Production of T Consumption of T Export of T Production of S Consumption of S Import of S TOT GDP 2250 2925 900 810 1800 1,2 1,2 a) Explain what type of Economic Growth is this country experiencing? Show your calculations.
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