2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency) 835,000 million     2020 Q3 Consumption (in 2020 Q3 Nigerian currency) 369,000 million 2020 Q3 Central (Federal) Government Spending (in 2020 Q3 Nigerian currency) 111,000 million 2020 Q3 Local Government Spending (in 2020 Q3 Nigerian currency) 114,000 million 2020 Q3 Investment (in 2020 Q3 Nigerian currency) 223,000 million 2020 Q3 Exports (in 2020 Q3 Nigerian currency) 255,000 million 2020 Q3 Imports (in 2020 Q3 Nigerian currency) 277,000 million     2020 Q3 Consumption (in 2018 Nigerian currency) 357,000 million 2020 Q3 Central (Federal) Government Spending (in 2018 Nigerian currency) 106,000 million 2020 Q3 Local Government Spending (in 2018 Nigerian currency) 108,000 million 2020 Q3 Investment (in 2018 Nigerian currency) 211,000 million 2020 Q3 Exports (in 2018 Nigerian currency) 328,000 million 2020 Q3 Imports (in 2018 Nigerian currency) 260,000 million     2020 Q2 Population 5.37 million 2020 Q3 Population 5.38 million   Calculate Nigeria's inflation (using the GDP deflator method) between the second and third quarters of 2020.  Enter your answer in percent form, without the percent sign, rounded to one decimal place.

For a good or service to be counted in a given year's gross domestic product (GDP), what four criteria must be met? have a market value, be a final good or service, be produced within a given country, and be produced within a certain time frame   have a market value, be a final good or service, be produced within a given country, and be produced independent of any set time frame   have a market value, be an intermediate or final good or service, be produced within a given country, and be produced within a certain time frame   have a market value, be a final good or service, be produced within a given country or in another country with whom they have established trade relations, and be produced within a certain time frame

2020 Q2 GDP (in 2020 Q3 Nigerian currency) 790,000 million 2020 Q2 GDP (in 2018 Nigerian currency) 835,000 million     2020 Q3 Consumption (in 2020 Q3 Nigerian currency) 369,000 million 2020 Q3 Central (Federal) Government Spending (in 2020 Q3 Nigerian currency) 111,000 million 2020 Q3 Local Government Spending (in 2020 Q3 Nigerian currency) 114,000 million 2020 Q3 Investment (in 2020 Q3 Nigerian currency) 223,000 million 2020 Q3 Exports (in 2020 Q3 Nigerian currency) 255,000 million 2020 Q3 Imports (in 2020 Q3 Nigerian currency) 277,000 million     2020 Q3 Consumption (in 2018 Nigerian currency) 357,000 million 2020 Q3 Central (Federal) Government Spending (in 2018 Nigerian currency) 106,000 million 2020 Q3 Local Government Spending (in 2018 Nigerian currency) 108,000 million 2020 Q3 Investment (in 2018 Nigerian currency) 211,000 million 2020 Q3 Exports (in 2018 Nigerian currency) 328,000 million 2020 Q3 Imports (in 2018 Nigerian currency) 260,000 million     2020 Q2 Population 5.37…

Which of the following will likely lead to an increase in real GDP in the U.S.   Group of answer choices   The U.S. begins a new war in the middle east   A massive hurricane destroys homes and infrastructure in the Eastern US   The growing student debt burden forces American households to begin working twice as many hours each week   all of the above   Many people believe that GDP is not a good indicator of economics success or standard of living because   Group of answer choices   GDP doesn't tell us anything about the distribution of income   GDP doesn't include leisure time as a good   GDP does not account for "bads" like pollution   all of the above

Potential GDP 1,000 AE, AE, 800 700 600 ΔΑΕ. 400 200 ΔΥ 45° 200 400 600 700 800 1,000 Real GDP (billions of constant dollars) Aggregate Expenditure (dollars)

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In 2012, nominal GDP per capita in the US was $49.922. In Colombia, nominal GDP per capita was $7,855 the same year. Calculate the PPP-adjusted GDP for Colombia if the purchasing power of a given amount of dollars was 41% lower in the U.S. PPP-adjusted GDP Colombia $ (Round off to two decimal places)

The following table shows real GDP per capita for the United States, South Korea, and Chad between 1970 and 2000. All figures are in 1998 U.S. dollars.   (image inserted)   The (decade-long) economic growth rate for the United States is shown in the second column. For example, from 1970 to 1980, the United States GDP grew from $18,395 to $22,666, an increase of ($22,666−$18,395)/($18,395)=23%.   Use this method to fill in the growth rates for South Korea and Chad in the previous table. Enter the growth rates to the nearest whole percentage point.   Compare the data for the United States and South Korea between 1970 and 1980. During this period, (South Korea OR The United States) had a higher level of real GDP per capita, while (South Korea OR The United States)  experienced a higher growth rate in real GDP per capita.   Convergence theory predicts that poor countries will grow more quickly than rich countries. Which one of the following is a reason for this? Rich…

Consider the following data for Canada: GDP deflator, 2016 (base year: 2010): 108.091 GDP deflator, 2017 (base year: 2010): 110.556 GDP, 2016 (current prices): 2,035.5 billion Canadian dollars GDP, 2017 (current prices): 2,144.4 billion Canadian dollars Labor Force, 2017 (millions of people): 19.665 Employment, 2017 (millions of people): 18.421 Interest rate (10-year Government bond yield, annual interest rate, 2017): 1.78% Calculate: (a) the inflation rate for 2017; (b) the real GDP growth rate for 2017; (c) the unemployment rate for 2017; (d) the real interest rate for 2017.