Reference no: EM13175707
The table below sets out some data for Country X in 2007.
Item Amount
(in billions of dollars)
Consumption expenditure 289
Government expenditure 99
Interest and investment income 33
Profit of corporations and government enterprises 65
Income from farms and unincorporated businesses 40
Gross investment 146
Exports 36
Imports 22
Wages, salaries, and supplementary labour income 275
Capital consumption allowance 60
Indirect taxes less subsidies 75
a. Calculate net exports.
b. Use the expenditure approach to calculate GDP.
c. Use the income approach to calculate GDP.
d. Calculate net domestic product (at factor cost).
e. Calculate net domestic income (at market price).
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Determine net interest payments
: Organize the above data into the appropriate categories for the current and capital accounts; determine the current account balance, the capital account balance, and the official settlements account balance.
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Explain canadian exporters of goods to the us
: Canadian firms that buy machinery and equipment from US suppliers c.cross border shoppers from Canada who shop for goods in the US retired Canadians who live in Arizona and Florida during the winter months
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Why the growth of household wealth slowed in canada
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Explain what will happen to potential gdp
: explain what will happen to real wage rate The real wage would decrease since there would be a larger working population. The real wage would increase as productivity increases.
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Calculate net exports
: a. Calculate net exports. b. Use the expenditure approach to calculate GDP. c. Use the income approach to calculate GDP. d. Calculate net domestic product (at factor cost). e. Calculate net domestic income (at market price..
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Determine the real gdp for a year
: If the nominal GDP is $559 billion in the base year, and it rises to 577 in year 1, and 605 in year 2, what is the real GDP in each year, given that the price index has risen from 100 in the base year to 104.5 in Year 1 and up to 108.3 in Year 2?
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How the announcement to affect the value of the bond
: Today, the Federal Reserve announced that it is reducing the discount rate by 0.5%. How would you expect this announcement to affect the value of your bond?
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What are the macroeconomic policies
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Does physiotherapy visits yield 10 additional healthy days
: a. If Mrs Siegal can only choose one alternative, and if she wants to maximize the most healthy days per dollar that she gets, which option will she choose? b. If the price of a pill ncreases to $3, which option will she choose?
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