1. The following table shows Spain's (awalized) quarterly real GDP growth rates for the 2007–2012 period. (Roman numbers refer to quarters.) Variable 2007 2007 2007 2007 2008 2008 I II III IV I II Real GDP 7.6 7.3 6.5 6.4 5.6 4.6 Variable 2008 2008 2009 2009 2009 2009 III IV I II III IV Real GDP 3.1 0.5 -0.1 -4.1 -4.5 -3.3 Variable 2010 2010 2010 2010 2011 2011 I II III IV I II Real GDP -1.5 -0.2 0.0 0.4 0.5 0.5 Variable 2011 2011 2012 2012 2012 2012 II IV I II III IV Real GDP 0.6 0.0 -0.7 -1.4 -1.6 -1.9 a) Plot real GDP growth rate in a graph, and identify a trend in the data. b) Based on the data shown, identify the beginning (i.e., the year and the quarter) of the current recession.

The economy produces only two general types of products: Apples, and Bananas. Price and Quantity information of these items over a period are shown below:   Year 2019 Year 2020 Product   Output Average Price per Unit Output Average Price per Unit Apples 14 $5 12 $16 Bananas 14 $20 14 $20  Using year 2020 as the base year, Growth rate of Nominal GDP from year 2019 to year 2020 is ______%.   (Cut off at the first decimal point. eg: Suppose that your calculated answer is 9.98, then, write 9.9.)

Year Real GDP Nominal GDP 2019 $15,292.67 $17,081.38 2020 $17,822.90 $18,350.11 2021 $18,521.37 $19,397.19 Refer to the table above.  What is the growth rate in real GDP from 2020 to 2021? Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.

Consider the importance of growth in GDP, particularly real GDP per capita, to the quality of life of a country's citizens Indicate whether you agree or disagree with each of the following statements. Increases in real GDP per capita do not increase the amount of goods and services available to a country's citizens. with this statement. Increases in real GDP per capita increase life expectancy at birth. 4 with this statement. Increases in real GDP per capita mean people will have a lower portion of leisure time over the course of their lives. with this statement. CEL

A small economy only produces two goods: steak and potatoes. This information is shown in the table. Based on the table, if year 1 is the base year, the growth rate of real GDP is: Good Steak Potato 6.6%. 8.0%. 9.4%. 10.8%. Year 1 Price $15 $1 Quantity 1,000 50,000 Year 2 Price $20.00 $0.50 Quantity 800 60,000

Only answer the 2nd MCQ question of the growth rate of output per capita

Suppose the u.s. nominal GDP increases from one year to the next year. Can you conclude that these figures present a misleading measure of economic growth?

Suppose we have the following data given to us in this table. Year Real GDP Nominal GDP Population 2010 11,306 12,860 50 2020 12,844 13,382 47 Given this data, we would expect the quality of life to have increased by what percentage over the last 10 years?  Answer this as a percentage and round your answer to two digits after the decimal without the percentage sign. ex. If you found the rate to be 5.125%, answer 5.13.

You choose Italy as a country ,gather information and accumulate Data of its GDP for the past 10 years.   Analyze the trends of GDP in the last 10 years   Analyze the contribution of different Business Sectors to GDP   Analyze the growing Business Sectors in Economy - analyze their contribution to GDP and analyze their contribution to other Macro Economic Performance Indicators of the country. Support your argument with reasons   Analyze the Sectors (if any) which are showing negative growth in the last (0 -10) years. Give reasons   Analyze and give suggestions to the government that which Business sectors should be supported by the government for Economic Growth of the economy. give this and in 3000 words along with tables charts and graphs.

What is the potential impact of rapid economic growth on: a) A nation's tax base? b) GDP/Capita? Brief explanation for each. 2. If the annual rate of GDP growth is 3%, use the rule of 72 to calculate the number of years it would take for the GDP to double. Show all calculations. I (Ctrl)-