Coconut Producers' balance sheets: Total Revenues = $20 Wages = $5 Taxes = $1.5 Interest on Loans $0.5 What is the Coconut Producer contribution’s to GDP using the Income Approach?
QUESTION 1
Coconut Producers' balance sheets:
Total Revenues = $20
Wages = $5
Taxes = $1.5
Interest on Loans $0.5
What is the Coconut Producer contribution’s to GDP using the Value Added Approach?
(omit the $-sign in your answer)
10 points
QUESTION 2
Coconut Producers' balance sheets:
Total Revenues = $20
Wages = $5
Taxes = $1.5
Interest on Loans $0.5
What is the Coconut Producer contribution’s to GDP using the Expenditure Approach?
(omit the $-sign in your answer)
10 points
QUESTION 3
Coconut Producers' balance sheets:
Total Revenues = $20
Wages = $5
Taxes = $1.5
Interest on Loans $0.5
What is the Coconut Producer contribution’s to GDP using the Income Approach?
(omit the $-sign in your answer)
10 points
QUESTION 4
Car Producers' balance sheets:
Total Revenues = $100
Steel Purchases = $30
Wages = $35
Taxes = $10
Interest on Loans $2
What is the Car Producers' contribution’s to GDP using the Income Approach?
(omit the $-sign in your answer)
10 points
QUESTION 5
Car Producers' balance sheets:
Total Revenues = $100
Steel Purchases = $30
Wages = $35
Taxes = $10
Interest on Loans $2
What is the Car Producers' contribution’s to GDP using the Value Added Approach?
(omit the $-sign in your answer)
10 points
QUESTION 6
Car Producers' balance sheets:
Total Revenues = $100
Steel Purchases = $30
Wages = $35
Taxes = $10
Interest on Loans $2
What is the Car Producers' contribution’s to GDP using the Expenditure Approach?
(omit the $-sign in your answer)
10 points
QUESTION 7
Consider the following Economy in which only cars and bananas are produced
Year 1
| Quantity | Price |
Cars | 1000 | $100 |
Bananas | 7000 | $1 |
Year 2
| Quantity | Price |
Cars | 980 | $110 |
Bananas | 9000 | $0.9 |
Nominal GDP Year 1 =
Nominal GDP Year 2 =
(Omit any $-sign in your answer)
10 points
QUESTION 8
Consider the following Economy in which only cars and bananas are produced
Year 1
| Quantity | Price |
Cars | 1000 | $100 |
Bananas | 7000 | $1 |
Year 2
| Quantity | Price |
Cars | 980 | $110 |
Bananas | 9000 | $0.9 |
Real GDP Year 1 = (Using Year 1's prices)
Real GDP Year 2 = (Using Year 1's prices)
Inflation Rate between Year 2 and Year 1 = (using Chain-Weighting, your answer has to be a percentage - for example +5.2%. Stop at the first decimal sign!)
(Omit any $-sign in your answer)
20 points
QUESTION 9
Consider the following diagram representing GDP per capita's Cyclical Component as % of Trend:
If you focus on the great recession, you notice that...
GDP per capita growth has been negative since 2008 | ||
The Great Recession is similar to what happened in the 60s | ||
Growth has not been sufficient to bring the GDP per capita back to its trend level before the great recession | ||
The Great Recession is similar to what happened in the 80s |