The US and Peru are the only countries in the world and they both produce cars and haircuts. The table below gives you the data on the quantity produced, the unit price of each item and the value of output for each sector. Cars Haircuts GDP The US (currency=USS) Quantity (units) 1000 2000 Price (USS) 100 5 Value of Output (USS) 100,000 10,000 Peru (currency - Sol) Quantity (units) 200 4000 What is the GDP of Peru in USS at the most likely market exchange rate? the GDP of Peru in USS is: 240,000/2-US$120,000 the GDP of Peru in USS is: 160,000/8=US$20,000 the GDP of Peru in USS is: 160,000/2-US$80,000 the GDP of Peru in USS is: 240,000/8-US$30,000 Price (soles) 800 20 Value of Output (soles) 160,000 80,000

The US and Peru are the only countries in the world and they both produce cars and haircuts. The table below gives you the data on the quantity produced, the unit price of each item and the value of output for each sector. Cars Haircuts GDP The US (currency=USS) Quantity (units) 1000 2000 Price (USS) 100 5 Value of Output (USS) 100,000 10,000 Peru (currency - Sol) Quantity (units) 200 4000 What is the GDP of Peru in USS at the most likely market exchange rate? the GDP of Peru in USS is: 240,000/2-US$120,000 the GDP of Peru in USS is: 160,000/8=US$20,000 the GDP of Peru in USS is: 160,000/2-US$80,000 the GDP of Peru in USS is: 240,000/8-US$30,000 Price (soles) 800 20 Value of Output (soles) 160,000 80,000

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

See similar textbooks

Similar questions

The following table presents the exports and imports of a country in three categories for the years 2005 and 2010. Categorie Exports (millions $) Imports (millions in $) 2000 2010 2000 2010 Agriculture 51,296 70,912 39,186 65,459 Manufacture 625,894 785,599 1,012,855 1,416,302 Minery 13,479 34,711 135,367 332,500 Construct four matrices, one for each column of the table, whose dimension is 3 x 1. Use two of these matrices to determine matrix E, which will represent the trade balance for the year 2000 and matrix B, which will represent the trade balance for the year 2010. Apply the concepts of matrix algebra to determine the matrix E - F, which will compare both years. Apply the properties of the matrices to determine if the trade balance from…
Trade Statistics-WTO-2021 Follow up the official site to download latest data WTO International Trade Statistics: 3 latest years reports 1. Submit your assignment enumerating at least 5 key findings from the WTO's trade statistics by critically analyzing them.( STRICTLY DO HANDWRITTEN IN A PAPER) NOTE: JUST DON'T LIST THE KEY FINDINGS ALSO CRITICALLY ANALYZE EACH FINDINGS BY WRITING SOME SUPPORTIVE SENTENCES/ARGUMENTS FOR EACH POINT.
Consider the table of GDP and population for several imaginary countries. Countrv Wrigleyville Longhornland Dinkvtown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 183.0 115 175.00 559.0 2965 1.700 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11 A. What is the GDP per capita of Longhornland in Ủ.S. dollars? Express your answer rounded to one decimal place. B. What is the GDP of Dinkytown in millions of Ủ.Š. dollars? Express your answer rounded to one decimal place.
a: What do you mean by import tariff and import quota? Take an example and discuss the difference between tariffs and quotas with the help of graphs. b: Provide the equation to calculate the GDP of a nation. Explain all four factors that contribute to the GDP calculation in detail. Note:- Do not provide handwritten solution. Maintain accuracy and quality in your answer. Take care of plagiarism Answer completely. You will get up vote for sure if answer is perfect .
Macmillan Learning Consider the table of GDP and population for several imaginary countries. $ Country Wrigleyville Longhornland Dinkytown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 225.0 143 197.00 $ 523.0 2947 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. 1.800 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place.
GRAPH SETTINGS Reset Country-X Initial Value ($50 – $10,000) 1,000.00 Value (thousands of dollars) [Country-X = Country-Y] Growth Rate: 3% 10 0.1% 10.0% 8 Country-Y 7 Initial Value 2,000.00 ($50 – $10,000) 5 4 Growth Rate: 1% 0.1% 10.0% 2 1 35.4 уrs. E CALCULATIONS 0 5 10 15 20 25 30 35 40 Years Value in Country-X Country-Y 10 years $1,343.92 $2,209.24 20 years $1,806.11 $2,440.38 30 years $2,427.26 $2,695.70 Country-X Country-Y Instructions: Modify the settings in the interactive tool as needed to answer the questions below. Suppose countries X and Y each produce $2,000 of goods and services per year. Country X experiences 2% growth per year, while country Y experiences 4% growth per year. a) What is Country X's production after 20 years? $[ b) What is country Y's production after 20 years? c) If two amounts are initially equal but one grows twice as fast (ex: 2% growth versus 4% growth), the amount that grows faster will have increased by (Click to select) V twice as much.
Macmillan Learning Consider the table of GDP and population for several imaginary countries. $ Country Wrigleyville Longhornland Dinkytown GDP in millions of U.S. dollars Population in millions GDP per capita in U.S. dollars 297.0 175 207.00 $ 601.0 2873 Using this information, please answer the questions. If there is not enough information to answer a question, please enter -11. A. What is the GDP per capita of Longhornland in U.S. dollars? Express your answer rounded to one decimal place. 1.100 B. What is the GDP of Dinkytown in millions of U.S. dollars? Express your answer rounded to one decimal place.
United Kingdom Kenya Price per Value of Value of unit (GBP) output Оuаntity Price per Quantity unit (KSh) output (GBP) (KSh) 5000 per 75 650,000 Equipment (millions of 500 unit units) Food 500 10 per kg 125 750 (millions of kg) Total GDP (local currency) a. If equipment is fully tradable, so that the price in Kenyan shillings (KSh) equals the price in pounds times the market exchange rate, what is the market exchange rate? b. Based on its relative price, does it appear that food is tradable? Is it more or less expensive in Kenya, compared to the UK? c. Fill in the table above (ignoring cells with "-"). What is the UK's total GDP in GBP? What is Kenya's total GDP in KSh? d. What is Kenya's GDP in GBP at market exchange rates? e. Following the calculations on pp 28-29 of ED, what is Kenya's GDP in pounds calculated by using UK prices for each individual product and applying that price to Kenya's quantities (that is, using purchasing power parity [PPP])? f. Is the value you calculated in…
The exports of Uruguay, a developing country, are made essentially of primary commodities. A comparison between export prices received by Uruguay and the price paid for its imports shows the following: on average export prices rose 40% between 2000 and 2010, while import prices went up by 150%. Index quantities exported by the country were Qx = 15 (in 2000), and Qx = 30 (in 2010). Uruguay’s income terms of trade (ITT) in 2000, was: Group of answer choices 100. 1,680. 2,000. 250. 1,500.
Real GDP D Time Type your answers in all of the blanks and submit Identify the different parts of the graph. (A]: Type your answer here [B]: Type your answer here (A]-[B]: Type your answer here [B]-[D]: Type your answer here [A]-[B]-[D]: Type your answer here
in text form with proper workings and explanation for each and every part and steps with concept and introduction no AI no copy paste remember answer must be in proper format with all working!!!!!!!
lacmillan Learning Use the table to answer the questions. Round your answers to the nearest cent. Population Country Gross domestic product (GDP) Country A Country B $1.5 trillion 100 million $5 trillion 400 million What is the GDP per capita for Country A? $ What is the GDP per capita for Country B? $ Which country has the largest average GDP per capita? O Country A O Country B