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QUESTION 14
-
The Coefficient of Correlation between
GDP and Labor Force in NJ during 1997-2020 is1
0.80
0.90
-0.80
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- Calculate the c) Employment in manufacturing sector d) Employment and wage in service sectorIf Nominal GNP is 20,000 and Real GNP Is 16000 Calculate GNP deflatorC I G NX Yr1 1000 156 560 52 Yr2 1300 159 600 52 Yr3 2000 169 690 53 Yr4 2900 180 880 53 Using the table above state what nominal GDP will be for all four years
- Year Cost of basket (R) of consumer goods / services Base Year 2018 1850 2019 2190 2020 2380 2021 2560 Use the information in Table to measure the consumer price indexfor 2019, 2020 and 2021 respectively.Show your calculations and round off to two decimal places. Show how gross national product (GNI) can be derived from gross domesticproduct (GDP). Explain, with the aid of an equation, the components of the consumptionfunction.2019 2020Commodities Price Quantity Price QuantityA 3 30 5 25B 4 20 5 30C 20 18 25 25a) Using the data given above, compute the Nominal and Real GDP for 2019, and 2020. (The base year is 2019). b) Compute the inflation rate for the year 2020 by using the GDP deflator.in table plzz
- 54 You are employed by the state bureau of economic development. There is a demand for a leading economic index to review past economic activity and to forecast future economic trends in the state. You decide that several key factors should be included in the index: number of new businesses started during the year, number of business failures, state income tax receipts, college enrollment, and the state sales tax receipts. Here are the data for 2000 and 2018. New businesses Business failures State income tax receipts ($ millions) College student enrollment State sales tax ($ millions) Click here for the Excel Data File 2000 1,0881 627 Leading economic indicator 191.7 242,119 Economic activity has 41.6 2018 1,162 520 162.6 290,841 The weights you assign are: new businesses 15%, business failures 10%, income tax 40%, enrollment 10% and sales tax 25%. 39.9 b. Compute the leading economic indicator for 2018. (Round your answer to 2 decimal places.) c. Interpret the indexes. (Round your…If the real GNP for current year is 83 and the nominal GNP for current year is 194 calculate the value of GNP deflator for the current year?The Economy 2020 to 2022.csv is given as follows: Year Month N_Week PCEPI CPIAUCSL ICSA_Week1 ICSA_Week2 ICSA_Week3 ICSA_Week4 ICSA_Week5 2020 1 4 110.944 259.037 217000 203000 211000 200000 2020 2 5 111.07 259.248 191000 186000 190000 196000 190000 2020 3 4 110.824 258.124 186000 221000 2914000 5946000 2020 4 4 110.237 256.092 6137000 4869000 4201000 3446000 2020 5 5 110.353 255.868 2796000 2335000 2176000 1921000 1639000 2020 6 4 110.746 256.986 1575000 1473000 1467000 1446000 2020 7 4 111.072 258.278 1413000 1468000 1393000 1260000 2020 8 5 111.411 259.411 1044000 884000 927000 876000 881000 2020 9 4 111.613 260.029 892000 861000 859000 795000 2020 10 5 111.648 260.286 785000 839000 804000 776000 773000 2020 11 4 111.666 260.813 737000 738000 793000 737000 2020 12 4 112.15 262.035 873000 886000 815000 773000 2021 1 5 112.583 262.65 803000 890000 844000 799000 803000 2021 2 4 112.961 263.638 812000 802000 702000 704000 2021 3 4…
- b) Repeat the exercise undertaken in 4(a), but this time for those aged 18–24. Male Female Total In employment (000s) 1 826 1 700 ILO unemployed (000s) 234 Total economically active (000s) 1 873 Percentage unemployed (%) 10.3 (c) Calculate the percentage point differences for the first quarter of 2018 in the following: (i) The overall (aged 16 and over) male and female unemployment rate (ii) 18–24 and overall male unemployment rates iii) 18–24 and overall female unemployment rates (iv) 18–24 and overall total unemployment ratesCompute the nominal GDP Year: 2021 Value added of agriculture, fishery and forestry sector Value added of industry sector Government Final Consumption Expenditure Household Final Consumption Expenditure Imports Exports Statistical Discrepancy Growth Rate, Gross Domestic Product at current prices Gross National Product at current prices CPI(base year: 2012) GDP Deflator(base 2018) Population, 15years old and over Population, below 15 years old Population, 15 years old and over not included in labor Labor force employed #1,953,076.00 $5,595,046.00 #2,838,033.00 #14,609,470.00 #7,322,830.00 #4,983,040.00 90.00 8.07% #20,103,207.00 128.8 #104.75 75701 27064 27064 93.50%Calculate median income in 2000 (real) dollars for each of the 3 years. Suppose GDP in current (nominal) dollars and the GDP price index for the United States are as follows: Year 1990 2000 2005 GDP in current dollars (trillions) 6.0 10.0 15.0 Calculate GDP in 2005 (real) dollars for each of the 3 years. Price index [2000=100] 80 100 125