User Account

All Pages

Compute the economy growth rate

Assignment Help Macroeconomics
Reference no: EM133203111

This question refers to Table A. The country in question has based its economic growth on population growth -which includes immigration. Population increased from 20 million people (in the year 2010) to 30 million people (in 2020). The rate of inflation during the ten-year period has been zero (0) so that nominal GDP and real GDP are identical. The real wage remained constant during the ten-year period. The Gini ratio increased from 0.40 to 0.90. This is all the information available.

Items

Year 2010 Amount ($ billion)

Year 2020 Amount ($ billion)

Household Consumption

9.0

18.0

Gross Private domestic Investment

3.0

6.0

Total Government Spending

4.0

8.0

Exports

7.0

14.0

Imports

5.0

10.0

Gross Domestic Product (GDP)

?

?

Table A

  1. Compute GDP for 2010 and 2020.
  2. Compute the economy's growth rate.
  3. Did the standard of living improve? Explain carefully (it is not a "yes or no" question).
  4. Did the country experience "inclusive growth"? Explain carefully (it is not a "yes or no" question).

Reference no: EM133203111

Questions Cloud

What is the problem of deservingness : (1) What is the problem of "deservingness"? In other words, why is it the case that claims about moral desert--i.e. claims about what people deserve
Which investment should be given priority in opinion : Imagine you own a coffee shop. You're at a stage when you need to replace most of the seats as they are a bit wobbly and chipped.
Explain market structure analysis : Market Structure Analysis - Suggest how MyRepublic can compete (Specific strategies, not just quote "differentiation") in the Singapore market based on the mark
Describe operation managements role in business today : Write a 700- to 1,050-word paper in which you explain operation management's role in business today.
Compute the economy growth rate : This question refers to Table A. The country in question has based its economic growth on population growth -which includes immigration.
Realize the tremendousness of the future : When you realize you are mortal, you also realize the tremendousness of the future. You fall in love with a time you will never perceive
What a company may gain from adopting tbl model : MBA 500 Lebanese International University. Identify the advantages and disadvantages of adopting the TBL model. What a company may gain from adopting TBL model.
What benefits can employers offer to improve : What benefits can employers offer to improve employee retention? Society For Human Resource Management.
Quantity demanded of unskilled and low skilled labor : This week we are going to examine what happens in a market when the government intervenes in the market and introduces price controls.

Reviews

Write a Review

Macroeconomics Questions & Answers

  Inflation targeting be a good policy

Why might it be difficult for the Fed to formally adopt inflation targeting?  Would inflation targeting be a good policy for the Fed in the present economic environment

  In using the taylor rule

In using the Taylor Rule as a guideline for monetary policy, what are the pros and cons of using forecasted values of inflation and output rather than observed values of these variables?

  Describe the present economic crisis situation in europe

Describe the present economic crisis situation in Europe.  Why has it been so difficult for the Europeans to find a solution to this problem?   Comment on what implications the crisis may have for the rest of the world if Europeans are not able to ag..

  Long-term federal government budget problems

Question:. Explain why there are long-term Federal government budget problems. Explain why the base-line forecast of the CBO is misleading.

  Derive and compare demand curve

Question based on Derive and compare demand curve,  Derive Ambrose's demand function for peanuts. How does it compare with Johnny's demand curve for peanuts?

  Problem based on utility function

Problem based on  Utility Function - Problem,  Answer and explain the following using a diagram which is completely labeled.

  Laffer curve : tax rate and tax revenue

Question based on Laffer Curve : Tax Rate and Tax Revenue,  Do raising tax rates necessarily raise tax revenue? What factors affect how tax revenue changes when tax rates change?

  Problem - income elasticity of demand

Problem - Income Elasticity of Demand,  Interpret the following Income Elasticities of Demand (YED) values for the following and state if the good is normal or inferior; YED= +0.5 and YED= -2.5

  Positive balance of payment

Question Positive Balance of Payment: "Things will look good for the US if we could just get to where we are consistently running a positive Balance of Payments."

  Effect of recession on the investment curve

Comment on the effect of a recession on the investment curve (only) and on the level of savings, investment, and the equilibrium real interest rate in the financial crisis that hits United States first starting in fall 2007.

  Affect of falling domestic investment on trade surplus and

How will a fall in domestic investment affect the trade surplus and net capital outflows in the domestic economy, the trade deficit and capital inflows in the rest of the world.

  Crises in the banking sector and bank run

Banking crises crisis decreases depositors' confidence in the banking system. What would be the effect of a rumor about a banking crisis on checkable deposits in such a country?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd