Macroeconomics
10th Edition
ISBN: 9780134896441
Author: ABEL, Andrew B., BERNANKE, Ben, CROUSHORE, Dean Darrell
Publisher: PEARSON
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Question
Chapter 2, Problem 5WWMD
To determine
To graphically represent the growth rate of
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Students have asked these similar questions
By letting the GDP (gross domestic product) be the dependent variable (y), and the year (2002 - 2021) be
the independent variable (x), answer the following question:
Based on the line graph of the two countries, comment on the significant features from the graphs
(identify any unusual points, if any, and observe the trend line). Compare the results of the GDP in these
two countries.
(Pls refer to the table and line graph in the image attached below)
GDP
1.2E+11
1E+11
8E+10
6E+10
4E+10
2E+10
0
4.5E+12
4E+12
3.5E+12
3E+12
2.5E+12
2E+12
1.5E+12
1E+12
5E+11
0
Ethiopia (GDP)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Years
Germany (GDP)
2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
Years
At the end of the year 2020, Statistics Kenya estimated the total amount spent on consumption, government purchases, investment and net export of goods and services to arrive at the country’s GDP.
What measurement approach is described above?
At the end of the year 2022, Statistics South Africa estimated the total amount spent on consumption,
government purchases, investment and net export of goods and services to arrive at the country's GDP.
What measurement approach is described above?
a) Value added.
b) Income.
c) Expenditure.
d) Factor cost
Chapter 2 Solutions
Macroeconomics
Ch. 2 - Prob. 1RQCh. 2 - Prob. 2RQCh. 2 - Prob. 3RQCh. 2 - Prob. 4RQCh. 2 - Prob. 5RQCh. 2 - Prob. 6RQCh. 2 - Prob. 7RQCh. 2 - Prob. 8RQCh. 2 - Prob. 9RQCh. 2 - Prob. 10RQ
Ch. 2 - Prob. 1NPCh. 2 - Prob. 2NPCh. 2 - Prob. 3NPCh. 2 - Prob. 4NPCh. 2 - Prob. 5NPCh. 2 - Prob. 6NPCh. 2 - Prob. 7NPCh. 2 - Prob. 8NPCh. 2 - Prob. 9NPCh. 2 - Prob. 1APCh. 2 - Prob. 2APCh. 2 - Prob. 3APCh. 2 - Prob. 1WWMDCh. 2 - Prob. 2WWMDCh. 2 - Prob. 3WWMDCh. 2 - Prob. 4WWMDCh. 2 - Prob. 5WWMDCh. 2 - Prob. 6WWMD
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