Calculate the nominal gdp

Assignment Help Macroeconomics

Reference no: EM1394916

1. In 2003, A was 1,507 billion dollars, B was 7.274 billion dollars, C was 2.054 billion dollars, D was 1.624 billion dollars and E was 505 000 million.
Calculate:
a. aggregate spending.
b. aggregate income.
c. Gross Domestic Product (GDP).
d. the government budget deficit.
e. saving families.
f. government savings.
g. national saving.
h. indebtedness to the rest of the world.

2. Tropic Republic produces only bananas and coconuts.

The base year is 2005 and the tables show the quantities produced and prices.

Amounts	2005	2006
Bananas	1000 clusters	1100 clusters
Coconut	500 clusters	525 clusters
Prices	2005	2006
Bananas	$ 2 per cluster	$ 3 per cluster
Coconut	$ 10 per cluster	$ 8 per cluster

a. Calculate the nominal GDP in 2005 and 2006 Tropic Republic.

b. Calculate the GDP in 2006 using the method of the base year prices.

c. Compute the GDP deflator in 2006.

Reference no: EM1394916

Questions Cloud

Determine the total amount of work and power output : Your subjects rides on the cycle ergometer at 60 rev/min (6 m/rev) and a load of 30 N for 15 minutes. What is her power output? What is the total amount of work she has done?

Calculate the numbers of moles of nitric acid : When you standardized the Sodium thiosulfate, what molarity of Na2S2O3 did you observe for each of your 3 trials.

Compute the sample standard deviation : A random sample of eight adults aged 30 years were asked how much they spent on medical costs in the year 2011. The following data were measured. Compute the sample standard deviation.

How to make decision in critical situations : Second offenses result in expulsion. What must you do? On basis of what considerations must you make decision? Roommate What, precisely, is the moral issue?

Calculate the nominal gdp : Calculate the nominal GDP in 2005 and 2006 Tropic Republic and calculate the GDP in 2006 using the method of the base year prices.

Understanding of independent t-test : This assignment involves displaying an understanding of an independent t-test. Based on my hypothetical research question: What do early childhood educators report about their experiences with fathers' involvement in their programs?

Confidence level for true mean number of available hotels : Identify the point estimate of the average number of available hotel rooms in this lesson from each sample. Construct and Interpret a 95% confidence level for the true mean number of available hotel rooms, based on the point estimate of each sampl..

Compute the ph of the solution : If the actual yield is 220.0 g and the theoretical yield is 275.6 g then what will be the percent yield of ferrous sulfide.

Explain the function of biological molecule : Diagram and explain the function(s) of the following biological molecules that comprise the plasma (cell) membrane: phospholipid bilayer, membrane proteins, carbohydrates.

User Account

All Pages