Nominal GDP (NGDP) Real GDP (RGDP) Estimated Resident Population by Age and ata Sex (1991+) (Annual-Mar) 2003 135,181 3,970,000 3,970,000 2004 144,502 4,044,900 4,044,900 2005 154,559 4,101,300 4,101,300 2006 162,937 4,148,000 4,148,000 2007 172,004 186,673 4,196,700 4,196,700 2008 4,235,300 4,235,300 2009 189,406 4,271,000 4,271,000 2010 194,306 4,317,900 4,317,900 1 2011 203,342 4,362,800 4,362,800 Pade 4,392,500 4,417,700 2012 213,025 4,392,500 2013 217,489 4,417,700
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- Using the data In the table below related to nominal GDP, real GDP, and total population, answer the questlons for the time perlod 2012-2017: Real GDP (in Millions) (2012 Base Year) Population (in Millions) Nominal GDP (in (suo 282.4 000 10,128,000 513,131.000 000 13,262,000 285.5 13,493.000 288.8 000'89 13,879,000 291.0 000'096 0 2004 14,406,000 203.7 2005 12,422,000 14,913,000 296.6 13,178,000 900 000'808 14,291,000 15,605,000 800 13,930,000 15,200,000 600 14,524,000 000'889 2011 15,518,000 15,841,000 311.7 2012 16,163,000 16,197,000 314.0 16,768,000 16,495,000 316.2 16,912,000 318.6 000 000 18,954,000 17,432,000 17,731,000 323.1 000' 20,612,000 325.1 327.1 2019 21,433,000 329.1 Instructlons: In part a, round your responses to the nearest dollar. In parts b and c, enter your responses as a percentage rounded to one decimal place. a. Calculate nominal and real GDP per capita for 2012 and 2017. For 2012: Nominal GDP per capita = $ %3D Real GDP per caplta = $ For 2017: Nominal GDP per…INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic 2014 2018 2015 1.4 2016 1.4 2017 1.4 1.4 1.4 20,361 18,484 16,414 16,524 17,370 27.6 -1.0 25.1 1.8 22.4 -6.3 22.6 -2.3 23.9 -0.2 Growth (GDP, annual variation in %) Unemployment| 3.3 Rate Fiscal Balance (% of GDP) Public Debt (% of GDP) 3.4 4.0 4.8 4.9 -2.6 -1.7 -5.3 -8.9 -3.6 45.2 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) International 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 11.5 10.0 9.5 8.5 8.1 Reserves |(USD) iii. Discuss two policy recommendations that the authorities can use to rectify the fiscal balance.INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) | 27.6 2014 1.4 2015 1.4 2016 1.4 2017 1.4 2018 1.4 20,361 18,484 16,414 16,524 17,370 25.1 1.8 22.4 -6.3 22.6 -2.3 23.9 -0.2 Economic -1.0 Growth (GDP, annual variation in %) Unemployment| 3.3 Rate Fiscal Balance (% of GDP) Public Debt (% | 45.2 of GDP) 3.4 4.0 4.8 4.9 -2.6 -1.7 -5.3 -8.9 -3.6 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) International 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 11.5 10.0 9.5 8.5 8.1 Reserves (USD). iii. Identify two indicators of wellbeing that are not listed in the table above which can be used as superior measures of the standard of living. iv. Calculate the trade balance for Trinidad and Tobago for the period (2014 – 2018). v. Assess the impact of a negative trade balance on a country's external position.
- Perfect Population Projections Inc. (PPP) has entered into a contract with the city of Popular, Pennsylvania, to project the future population of the city. In recent years, Popular has become a desirable place to live and work, as indicated by the below table. Year 2015 2016 2017 2018 2019 2020 Total Total Basic Nonbasic Population Employment Employment Employment 50,000 53,000 57,000 65,000 70,000 ? 25,000 26,500 28,500 32,500 35,000 ? 6,250 6,625 7,125 8,125 8,750 9,000* 18,750 19,875 21,375 24,375 26,250 ? *Estimated from surveys. Required: The contract states that PPP must project Popular's population for the year 2020 using an economic base analysis. The ratio of population to total employment is 2.0833. (Do not round intermediate calculations. Round your final answers to the nearest whole number.) Your help is needed! Total population using economic base analysis Total employment using economic base analysis Total Nonbasic employment using economic base analysis Year 2020With the use of GDP data over a 25 year period assess the main source of economic growth in Barbados and Guyana ( Line graph must be used to depict the data)Compute the nominal GDP Year: 2021 Value added of agriculture, fishery and forestry sector Value added of industry sector Government Final Consumption Expenditure Household Final Consumption Expenditure Imports Exports Statistical Discrepancy Growth Rate, Gross Domestic Product at current prices Gross National Product at current prices CPI(base year: 2012) GDP Deflator(base 2018) Population, 15years old and over Population, below 15 years old Population, 15 years old and over not included in labor Labor force employed #1,953,076.00 $5,595,046.00 #2,838,033.00 #14,609,470.00 #7,322,830.00 #4,983,040.00 90.00 8.07% #20,103,207.00 128.8 #104.75 75701 27064 27064 93.50%
- INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic Growth (GDP, annual variation in %) 2014 2015 2016 2017 2018 1.4 1.4 1.4 1.4 1.4 20,361 18,484 16,414 16,524 17,370 27.6 25.1 22.4 22.6 23.9 -1.0 1.8 -6.3 -2.3 -0.2 Unemployment| 3.3 Rate 3.4 4.0 4.8 4.9 Fiscal Balance -2.6 -1.7 -5.3 -8.9 -3.6 (% of GDP) Public Debt (% | 45.2 of GDP) 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) International Reserves (USD) 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 11.5 10.0 9.5 8.5 8.1 I. Distinguish between National Debt and Public Debt as a percentage of GDP? ii. Assess the relationship between the country's public debt and its fiscal balance between the years 2016 and 2017. iii. Discuss two policy recommendations that the authorities can use to rectify the fiscal balance.(1) Use the data from the following table to calculate the GDP per capita of each country. The GDP per capita for Estonido and for Galicia in 2018 is Country Year GDP (billions in U.S. $) Population (millions) Estonido 2017 525.50 73 Galicia 1,658.00 118.25 Estonido 2018 721.75 78 Galicia 1,724.30 121.8 (a) $925 for Estonido and $1,412 for Galicia in 2017. (b) $9,253 for Estonido and $14,157 for Galicia in 2017. (c) $7,199 for Estonido and $14,021 for Galicia in 2017. (2) When calculating GDP as the sum total of all spending, which of the following should be included? (a) government purchases of labor, goods, and services. (b) government transfer payments. (c) savings. (3) For productivity to increase (a) the total number of hours worked has to increase. (b) the value of the production per hour worked has to increase. (c) the total production or output has to increase.The table below shows the annual population and nominal total GDP for New Zealand. Based on the data, which of the following options are correct? Select one correct answer. 4 Year 2015 2016 New Zealand Key Figures GDP (Current US $) $ 178,064,471,137.92 $ 188,838,342,527.98 Population 4,609,400 4,714,100 O GDP per capita in 2016 was $40,058.20 GDP per capita fell by 3.70% in 2016 compared to the previous year O New Zealand's population and GDP both rose such that the overall GDP per capita growth rate was zero O GDP per capita rose by 3.56% in 2016 compared to the previous year
- t (years since 2008) GDP (trillion dollars) 14.67 -14.81 0.25 0.5 0.75 14.84 14.55 14.38 (a) Estimate the relative growth rate (percent per year) at the first four times in the table. NOTE: Round your answers to one decimal place. Relative growth rate at 0 Relative growth rate at 0.25 % Relative growth rate at 0.5 Relative growth rate at 0.75 = (b) Economists often say an economy is in recession if the GDP decreases for two quarters in a row. Was the US in recession in 2008? because The US Choose one Choose one ▼Consider an economy that produces and consumes bread and automobiles. In the following table are data for two different years. Year 2000 Year 2010Goods Quantity Price Quantity PriceAutomobiles 100 50000 120 60000Bread 5000 10 4000 20a) Using the year 2000 as the base year, compute the following statistics for each year: nominal GDP, real GDP and the GDP deflator and explain briefly about what these values indicates? (6) *Study Problem 4-4 (algo) The data for three countries (all with the same base year, with figures converted to Canadian dollars) are shown in the table below. Calculate the real GDPS per capita for each country and rank them in size by filling out the table on the right. Give your answers to the nearest dollar Altria Bergan Casper Population (in Millions) 50 130 275 Nominal GDP ($ Billions) 750 3,000 3,600 Price Index 2009 = 100 110 120 155 Rank 1. 2. Country (Click to select) (Click to select) (Click to select) Real GDP per capita $ $ $