Explore 05 yearly data of the following indicators with respect to Pakistan in graphical as well as tabular form a) Gross Domestic Product (GDP) b) Gross National Product (GNP) c) Net National Product (NNP) d) Net Domestic Product (NDP)
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A:
Explore 05 yearly data of the following indicators with respect to Pakistan in graphical as well as
tabular form
a)
b) Gross National Product (GNP)
c) Net National Product (NNP)
d) Net Domestic Product (NDP)
e)
f) Personal Income (PI)
g) Disposable Personal Income (DPI)
Step by step
Solved in 2 steps with 1 images
- INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic 2014 2018 2015 1.4 2016 1.4 2017 1.4 1.4 1.4 20,361 18,484 16,414 16,524 17,370 27.6 -1.0 25.1 1.8 22.4 -6.3 22.6 -2.3 23.9 -0.2 Growth (GDP, annual variation in %) Unemployment| 3.3 Rate Fiscal Balance (% of GDP) Public Debt (% of GDP) 3.4 4.0 4.8 4.9 -2.6 -1.7 -5.3 -8.9 -3.6 45.2 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) International 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 11.5 10.0 9.5 8.5 8.1 Reserves |(USD) iii. Discuss two policy recommendations that the authorities can use to rectify the fiscal balance.Explore 05 yearly data of the following indicators with respect to Pakistan in graphical as well as tabular form(separately) a) Gross Domestic Product (GDP) b) Gross National Product (GNP) c) Net National Product (NNP) d) Net Domestic Product (NDP) e) National Income (NI) f) Personal Income (PI) g) Disposable Personal Income (DPI)(1) Use the data from the following table to calculate the GDP per capita of each country. The GDP per capita for Estonido and for Galicia in 2018 is Country Year GDP (billions in U.S. $) Population (millions) Estonido 2017 525.50 73 Galicia 1,658.00 118.25 Estonido 2018 721.75 78 Galicia 1,724.30 121.8 (a) $925 for Estonido and $1,412 for Galicia in 2017. (b) $9,253 for Estonido and $14,157 for Galicia in 2017. (c) $7,199 for Estonido and $14,021 for Galicia in 2017. (2) When calculating GDP as the sum total of all spending, which of the following should be included? (a) government purchases of labor, goods, and services. (b) government transfer payments. (c) savings. (3) For productivity to increase (a) the total number of hours worked has to increase. (b) the value of the production per hour worked has to increase. (c) the total production or output has to increase.
- INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) | 27.6 Economic 2014 1.4 2015 2016 1.4 2017 1.4 2018 1.4 1.4 20,361 18,484 16,414 16,524 17,370 25.1 1.8 22.4 -6.3 22.6 -2.3 23.9 -0.2 -1.0 Growth (GDP, annual variation in %) Unemployment 3.3 Rate Fiscal Balance (% of GDP) Public Debt (% | 45.2 of GDP) Inflation Rate (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) 3.4 4.0 4.8 4.9 -2.6 -1.7 -5.3 -8.9 -3.6 48.0 59.1 62.9 61.6 5.7 4.7 3.1 1.9 1.0 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 International Reserves 11.5 10.0 9.5 8.5 8.1 JUSD). i. Using four relevant macroeconomic variables assess the performance of Trinidad and Tobago's economy for the period (2014 -2018). ii. Discuss any two limitations of national income statistics as measures of economic well-being for a country iii. Identify two indicators of wellbeing that are not listed in the table above which can be used as superior measures…The table below shows the annual population and nominal total GDP for New Zealand. Based on the data, which of the following options are correct? Select one correct answer. 4 Year 2015 2016 New Zealand Key Figures GDP (Current US $) $ 178,064,471,137.92 $ 188,838,342,527.98 Population 4,609,400 4,714,100 O GDP per capita in 2016 was $40,058.20 GDP per capita fell by 3.70% in 2016 compared to the previous year O New Zealand's population and GDP both rose such that the overall GDP per capita growth rate was zero O GDP per capita rose by 3.56% in 2016 compared to the previous yearWhich of the following are included aspart of India’s GDP?(i) Activities in Indian embassies andconsulates in other countries(ii) Air India services between twodifferent countries(iii) Value addition in India’s economicterritory(iv) Economic activities of residents ofIndia in international watersSelect the correct answer using thecode given below:(a) (i) & (ii) only(b) (iii) only(c) (ii) & (iii) only(d) All of the above
- The table provides some data for an economy in 2017 and 2018. Calculate labor productivity in 2017 and 2018. What is the growth rate of labor productivity in 2018? >>> Answer to 2 decimal places.INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) | 27.6 2014 1.4 2015 1.4 2016 1.4 2017 1.4 2018 1.4 20,361 18,484 16,414 16,524 17,370 25.1 1.8 22.4 -6.3 22.6 -2.3 23.9 -0.2 Economic -1.0 Growth (GDP, annual variation in %) Unemployment| 3.3 Rate Fiscal Balance (% of GDP) Public Debt (% | 45.2 of GDP) 3.4 4.0 4.8 4.9 -2.6 -1.7 -5.3 -8.9 -3.6 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) International 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 11.5 10.0 9.5 8.5 8.1 Reserves (USD). iii. Identify two indicators of wellbeing that are not listed in the table above which can be used as superior measures of the standard of living. iv. Calculate the trade balance for Trinidad and Tobago for the period (2014 – 2018). v. Assess the impact of a negative trade balance on a country's external position.Refer to the table below: Year 1950 1960 1970 1980 1990 2000 2010 2020 Participation Rates (Age 16 and Older) Men 86.4 83.3 79.7 77.4 76.4 74.7 71.2 69.2 Women 33.9 37.7 43.3 51.5 57.5 60.0 58.6 57.4
- Dollars (trillions) 25 20 15- 10- 0 -5 11 Expenditure components of nominal GDP 1950 GDP (Y) Consumption (C) Investment (1) Government spending (G) Exports (X) Imports (M) 1960 Figure Data Notes 1970 198 1990 2000 2010 The following will refer to the data table in the chart above, to access the data table for this graph you will need to click on the data button at the bottom of the chart. In Q2 of 2008 which of the following were above 9 trillion dollars (annualized)? Select the two correct answers.INDICATOR Population (million) GDP per capita (USD) GDP (USD bn) Economic Growth (GDP, annual variation in %) 2014 2015 2016 2017 2018 1.4 1.4 1.4 1.4 1.4 20,361 18,484 16,414 16,524 17,370 27.6 25.1 22.4 22.6 23.9 -1.0 1.8 -6.3 -2.3 -0.2 Unemployment| 3.3 Rate 3.4 4.0 4.8 4.9 Fiscal Balance -2.6 -1.7 -5.3 -8.9 -3.6 (% of GDP) Public Debt (% | 45.2 of GDP) 48.0 59.1 62.9 61.6 Inflation Rate 5.7 4.7 3.1 1.9 1.0 (CPI, annual variation in %) Exchange Rate (vs USD, aop) Exports (USD billion) Imports (USD billion) International Reserves (USD) 6.39 6.36 6.63 6.74 6.75 15.0 11.4 8.3 9.4 10.5 7.9 7.5 7.1 6.5 6.7 11.5 10.0 9.5 8.5 8.1 I. Distinguish between National Debt and Public Debt as a percentage of GDP? ii. Assess the relationship between the country's public debt and its fiscal balance between the years 2016 and 2017. iii. Discuss two policy recommendations that the authorities can use to rectify the fiscal balance.(i) GDP Deflator for Year 1 (ii) GDP Deflator for Year 2
