2019 world GDP 87.555 trillion Current U.S. GDP 20,893,746 Calculate the US. share of world GDP (%) from the data entered above (World GDP and Current U.S. GDP)
Q: what was the gdp and gnp of the united states in 2000
A: 10,252.3 billion U.S dollars was the GDP of united states in 2000.
Q: The financial sector of a country is very small. Local banks refuse many clients because they do not…
A: GDP stands for gross domestic product. This metric is used to measure the overall development of the…
Q: 47. Exclude the method that is not used for determining GDP. 1. Method income 2. The method of value…
A: Economics refer to the study of the allocation of scarce resources in the most optimal way when the…
Q: The index used most often to measure prices paid by households is the: a) producer price index…
A: The measure that depicts for a given class of goods or services the average of price relatives being…
Q: Production of Phones and Chairs Country Phones Chairs United States 10 20 Canada 2 10 Using the…
A: Since, US is producing more of both Phones & Chairs in comparison to Canada, it has absolute…
Q: QUESTION 7 The basket of goods and services used to estimate the 1991 GDP deflator will be the same…
A: GDP deflator refers to the economic measure that is used to compute the change in the price index…
Q: Product Quantity Price Quantity Price Eye examinations 100 $40 150 $60 Shoes $150 $200 25 40…
A: Nominal GDP measures market value of goods and services using current prices whereas real GDP is…
Q: Based on the following data, GDP would equal while Net National Product equals. in Billions…
A: The term "Gross Domestic Product" refers to the total monetary value of all final goods and services…
Q: You are given the following GDP data (in millions of dollars) for Canada for a give GDP: 1,720,748…
A: Gross domestic product is a monetary measure of the market value of all the services and final goods…
Q: GDP is the market value of all final goods and services and intermediate goods produced within a…
A: Gross Domestic Product is the total value of all finished goods and services that are produced in…
Q: (a). The following information is given about countries X and Y
A: Given, Two Countries : X and Y The information is given as : Life Expectancy is calculated as :…
Q: Calculate net Exports if exports is $3000 and imports is $2200
A: The data presented in the above question Is:- Exports = $3000 Imports = $2200 Using this…
Q: shows the nominal and real GDP for the United States between 1978 and 1983. All figures are in…
A: From the table, we can see nominal GDP rises every year between 1978 to 1983, while the Real GDP had…
Q: GDP data for 2019 Item Quantity Price Fun 40 $2 Food 60 $3
A: Real GDP in 2020 , when 2019 is the base year: Real GDP 2020 = Price (2019) * quantity (2020)…
Q: Survey of Economics: GDP Accounting Worksheet Place the transactions below in their appropriate…
A: "Since you have asked a question with multiple sub-parts, we will solve the first three sub-parts…
Q: U.S. gross domestic product (GDP) measures the market value of all goods and services produced by…
A: Answer: False Explanation: U.S. gross domestic product will measure the market value of all the…
Q: a) If the equilibrium GDP for a private closed economy is RM550 million (see table above), what is…
A: Since you have posted a question with multiple sub-parts, we will solve first three sub-parts for…
Q: Using 2020 as the base year, compute nominal GDP, real GDP, and the GDP deflator for each year.…
A: Nominal GDP is the total value of all goods and services produced in a given time period. It is…
Q: The GDP data collected for the current year for a number of countries are called _____. Select one:…
A: In cross-sectional data, there are several variables at the same point in time. Cross-sectional data…
Q: Real gross domestic product (GDP) means the value of goods and services is measured in prices.…
A: Real GDP measures the value of goods and services that are produced with in the given year.
Q: Nominal GDP (NGDP) Real GDP (RGDP) Estimated Resident Population by Age and Sex (1991+) (Annual-Mar)…
A: Government investment is a part of the nominal GDP. Since, no other measure is given under nominal…
Q: “The GDP of a country does provide an accurate indicator of the welfare of its citizens”
A: GDP refers to the monetary value of total output produced in the economy for a specific year. And…
Q: A country reported nominal GDP of $200 billion in 2006 and $180 billion in 2005; it reported a GDP…
A: the GDP deflator measures the changes in the GDP that results from changes in the price level.…
Q: Profits earned in a foreign country by U.S.-owned companies are included in Select one: a. both the…
A: Profits earned in a foreign country by us owned companies are included in c. the United States GDP…
Q: Use the data on U.S. real GDP below to compute real GDP per person for each year. Then these numbers…
A: Real GDP measures the value of goods and services produced within the country at base year prices.
Q: Using the Graph below, in 1998, what was the approximate GDP of the United States? U.S. Economic…
A: In an economy, nominal GDP based on expenditure method is the sum of the total spending made by…
Q: Gross domestic product (GDP) figure gives an understanding of a market's Select one: a Economic…
A: Gross Domestic Product refers to value of goods and services produced in a country in a given period…
Q: Computation of GDP by the expenditures method would include the purchase of A. fertilizer by a…
A: Expenditure method is the method which measures final expenditure on gross domestic product at…
Q: (National Income Accounting) Define gross domestic product. Determine whether each of the following…
A: Since you have posted a multiple-part question, we will answer the first 3 parts of the question,…
Q: Which variable constitutes the largest portion of GDP using the expenditure method? A. Xn B. G C.…
A: The components of GDP are: Xn= Net exports= Exports- imports G= government spending C= consumption…
Q: Find the last year GDP data and the personal consumption expenditure data (in billions) for the US…
A: GDP (Gross Domestic Product) refers to the monetary value of all final products or goods or services…
Q: Find the attached file.
A: GDP: It is the national income of the country. GDP is the value of all the final production in a…
Q: year real GDP Nominal GDP GDP deflator Price ($) per nutmeg Price ($) per drapes 2013 2700…
A: GDP is significant on the grounds that it gives data about the size of the economy and how an…
Q: Find the last year GDP data (in billions) and the personal consumption expenditures data (in…
A: GDP is the total value of final goods and services produced in an economy during a particular period…
Q: Calculate net exports of Brazil if the export were $780 million and imports were $600 million
A: According to the above mentioned question, the values are:- Exports of Brazil = $780 million Imports…
Q: Calculate GDP using the Income and Expenditure Approach (all figures are in billions of dollars):…
A: please find the naswer below.
Q: How do economists use GDP Per Capita data? standard of living total dollar value of all final…
A: GDP per capita is the final value of goods and services per capita.
Q: Calculate GDP deflator from the following table: Year Nominal Real GDP GDP 2000 8952 8952 2001 9200…
A: In an economy, GDP deflator is the measure of inflation using the current information about the…
Q: GDP Table Transfer payments 32 Government purchases 160 Personal taxes 76 Corporate Income taxes…
A: In income approach: Total national income = It is the sum of rent, profit and salary.
Q: 2003 2004 2005 Nominal GDP GDP Deflator (2001 -100) Real GDP Population (in millions) Real GDP per…
A: The measure that indicates the financial status of a nation is said to be GDP. It states the total…
Q: Muscat Municipality maintains lots of data about its daily work activities. Give an example of…
A: Master Data:- Master data includes the data for various categories inside the Muscat Municipality…
Q: Nominal GDP $8,782 $9,274 Year 1998 1999 Real GDP $8,509 $8,859
A: Answer;
Q: You are given the following GDP data (in millions of GDP: 1,720,748 Statistical Discrepancy +477…
A: GDP or the gross domestic product is the value of all the final goods and services which are newly…
Q: Country X had the following values for its macroeconomic indicators (in EUR bn): Indicator Value…
A: calculation of GDP using income approach- Compensation of employees +Gross operating surplus +net…
Q: Calculate the quarter-over-quarter percentage change in GDP for the last four quarters:
A: Quarter over quarter can be calculated by using the following formula, (GDPQ-GDPQ-1)GDPQ-1×100 GDPQ…
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Dollars (trillions) 25 20 15- 10- 0 -5 11 Expenditure components of nominal GDP 1950 GDP (Y) Consumption (C) Investment (1) Government spending (G) Exports (X) Imports (M) 1960 Figure Data Notes 1970 198 1990 2000 2010 The following will refer to the data table in the chart above, to access the data table for this graph you will need to click on the data button at the bottom of the chart. In Q2 of 2008 which of the following were above 9 trillion dollars (annualized)? Select the two correct answers.mment exE published by the Bureau of Economic Analysis. All figures are in billions of dollars. Fill in the missing cells in the table to calculate GDP using the expenditure approach. Data (Billions of dollars) Consumption (C) 13,321.4 Investment (I) 3,368.0 Exports (X) 2,350.2 2,928.6 Imports (M) Net Exports of Goods and Services 3,374.4 Government Purchases (G) Gross Domestic Product (GDP)Calculate the GDP using Income OR Expenditure Approach (all figures are in billions of dollars) ITEM Amount ($) Government purchase of goods and services 1,721.6 Exports 1,096.3 Receipts of factor income from the restof the world 382.7 Depreciation (consumption of fixed capital) 990.8 Net fixed Investments 688.2 Corporate income taxes 265.2 Consumption expenditures 6,739.4 Indirect business taxes 664.6 Imports 1,475.8 Payments of factor income to the rest of the world 343.7 Inventory change 56.5 Social security contributions 702.7 Undistributed corporate profits (retained earings) 130.3 Government transfer and interest payments 1,366.3 Personal interest payments 286.2 Personal Taxes 1,235.7 Type answer please
- The table provides some data for an economy in 2017 and 2018. Calculate labor productivity in 2017 and 2018. What is the growth rate of labor productivity in 2018? >>> Answer to 2 decimal places.Use the data to calculate nominal Canadian GDP using the spending approach for both 2016 and 2017. 2016 (billions of $) 2017 (billions of $) Consumption $12,800 $13,300 Investment $3,200 $3,400 Exports $2,200 $2,400 Imports $2,700 $2,900 Government Spending $3,300 $3,400"0 Consider the diagram to the right, and answer the questions below. a. The base year is b. The diagram shows that the Nominal GDP curve exhibits a steeper growth path, compared to the Real GDP curve after their intersection. This indicates OA. this country has experienced no change in the general price level. OB. this country has experienced inflation since the base year. OC. the GDP deflator has declined since the base year. OD. this country has experienced deflation since the base year. pe here to search O
- Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1993 to 2012. Year Real GDP (2009 prices) Population 1993 $9,510,800 million 257.8 million 2012 $15,470,700 million 313.85 millioncalculate the gdp of the countryCalculate GDP using the Income and Expenditure Approach.(all figures are in billions of dollars): Item Amount ($)Government purchase of goods and services 1,721.6Exports 1,096.3Receipts of factor income from the rest of the world 382.7Depreciation (consumption of fixed capital) 990.8Net fixed Investments 688.2Corporate income taxes 265.2Consumption expenditures 6,739.4Indirect business taxes 664.6Imports 1,475.8Payments of factor income to the rest of the world…
- compare PHILIPPINE GDP and Jollibee sales revenue through ( a table or a chart) pls drop some reference that is accessibleCalculate GDP using the Income or Expenditure Approach. (all figures are in billions of dollars): Item Amount ($) Government purchase of goods and services 1,721.6 Exports 1,096.3 Receipts of factor income from the rest of the world 382.7 Depreciation (consumption of fixed capital) 990.8 Net fixed Investments 688.2 Corporate income taxes 265.2 Consumption expenditures 6,739.4 Indirect business taxes 664.6 Imports 1,475.8 Payments of factor income to the rest of the world 343.7 Inventory change 56.5 Social security contributions 702.7 Undistributed corporate profits (retained earnings) 130.3 Government transfer and interest payments 1,366.3 Personal interest payments 286.2 Personal taxes 1,235.7 (b) Using the following data calculate: (i) The number of persons employed. (ii) The number of persons unemployed. (iii) The labour force. (iv) The Labour Force Participation rate. (v) The “official” unemployment rate.What are the three (3) measures of GDP ? How are they calculated? (100-300 words)