Describe the balance of payments

Assignment Help Applied Statistics

Reference no: EM132577920 , Length: 4 pages

Problem 1
1. My friend used 4 packets of sugar in 2018 and 2kg of margarine. Now she uses 3.5 packets and 1kg of margarine. Calculate the Laspeyres Indexfor her food consumption for Jan 2019 with Jan 2018 as base year.

2 kg packet of sugar 1kg margarine

Price in Jan 2018 $3 $15

Price in Jan 2019 $5 $35

2. Explain the importance of official statistics.
3. Explain hot money and balance of trade

Problem 2
1. Use Table 1 below to calculate the crude death rate (CDR) for the two populations.

Age Group	Total	deaths	total	deaths
0-14	112	10	170	17
15-19	94	22	70	17
20-30	144	19	110	17
Total	350	51	350	51

2. Explain what constitutes the BOP account.

Problem 3
1. Use the following balance of payments data:
Merchandise exports, 100
Merchandise imports, 125
Tourism exports, 90
Insurance imports, 80
Income receipts from abroad (profit - multinationals), 110
Income payments (interest payments) to foreigners, 150
Increase in home country´s ownership of assets abroad, 160
Increase in foreign ownership of assets in home countries, 200
Assuming that unilateral transfer equal zero, find the merchandisetrade balance, net exports (services and income), the current accountbalance, the capital and financial account balance and the OfficialReserve Assets.
2. Explain the role of the UNDP in national statistics.

Problem 4
1. Explain the role of innovation in Official Statistics.
2. The price of a machine
in 2017 is £3 000
in 2018 is £2 000
in 2019 is £1 000
Construct a price index for the machine with base year 2018.
3. The price of a car in 1990 is £6 000, in 1995 is £8 000, and in 2000 is £9 000.
Construct a price index for the car with base year 1990.
4. Calculate the Laspeyres and the Paasche Price Index for January 2000 for each of the following with base January 1999. For my travel costs. My weekly travel costs are train fares to and from work, and bus fares to and from the town centre. The cost and number per week are as follows:

Problem 5
1. Explain the following terms:
a) Household
b) Household survey
c) Labor productivity
d) Crude rate
e) Economic transaction

2. Identify any five education indicators that can be calculated from survey data.

3. Explain official reserve assets identifying its major components.

4. My friend eats only brown bread and honey, and each week in 1999 ate 7 loaves of sliced brown bread and 2kg of honey. Now she eats 8 loaves and 1?5kg of honey. Calculate the Laspeyres Indexfor her food consumption for Jan 2000 with Jan 1999 as base year.

Loaf of bread 1kg honey

Price in Jan 1999 52p £1?68

Price in Jan 2000 54p £1?96

Problem 6
a)Discuss emerging issues that form the context in which official statistics should be provided.
b) Identify the five divisions of the ZIMSTAT

Problem 7
a) The communication environment for official statistics presents challenges. Discuss challenges due to the following issues:
i. post truth phenomenon and
ii. social media.
b) Explain the following types of statistics:
i. Environment Statistics
ii. Gender Statistics

Problem 8
The UN lists 10 Fundamental Principles of official statistics, the first Principle de facto combines three principles that are better handled separately. Examine this principle in its divided form.

Problem 9
1. Identify five main users of official statistics.
2. Explain how the ZIMSTATS fulfils its role of advocacy and dissemination of statistical information.
3. With the aid of an appropriate diagram, explain the statistical data lifecycle.
4. Outline six strategic goals of the Zimbabwe National Statistics Agency.
5. a) Identify five publications for any five forms of official statistics.
b) Use Table 1 below to calculate the crude death rate (CDR) for the two populations.

Problem 10
Conduct a swot analysis of the ZIMSTAT.

Problem 11
a) Relate how the following objectives of NSDS2 can be met:
i. Develop capacities within NSS
ii. Strengthen civil registration system, administrative records, surveys and censuses and other sources of data
b) Describe the balance of payments identityand discuss its implications under the fixed and flexible exchange rate regimes.

Problem 12
a) Explain the following terms:
i. Labour statistics
ii. Population census
iii. National accounts
iv. School net enrolment ratio
b) Examine the role of the following departments of the ZIMSTAT:
i. Information technology
ii. Accounts section

Reference no: EM132577920

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