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- 33. What was there from 1980-2010In a list form, can you identify all of the aspects of the domestic economy in the UK?A new accountant works on the Balance of Payments of a country and records the following into the financial account.Which is the only one recorded correctly? Select one: a. Transfer of ownership of assets b. External assets c. Trade in goods d. Imports of services e. Incomes paid to people working in a country temporarily
- What term is used to describe the total value of all the goods and services produced in a country over a specific time period? A) Gross Domestic Product (GDP) B) Consumer Price Index (CPI) C) Balance of Trade D) Fiscal DeficitYou are so lucky to win NOK 5 million in LOTTO. (A) How does this affect the gross domestic product (GDP) in Norway? You deposit this money in your bank account. (B) How does this affect the savings to Norway?Net-exports
- Investments require savings. Which of these is not a component of investments in a country's economy? Domestic savings. Private savings. Foreign savings. Government savings.Eurostat reports the following information about the Irish economy for the years 2009 - 2015. All euro figures are in billions and have been rounded to the nearest billion. Some entries are missing from the table. Let's see if you can figure out one of these missing values. 2009 2010 2011 2012 2013 2014 2015 Current-euro GDP 170.1 167.7 171.1 175.2 179.9 195.3 262.5 GDP in chained 2010 euros 164.4 174.0 192.2 240.4 chained growth rate of GDP (%) - 5.0 0.2 1.3 8.8 25.1 What was Ireland's real GDP in 2010? a) 167.7b) There is not enough information to tell what real GDP was in 2010 in Ireland.c) 164.4 x (1 - 0.05)d) =(164.4 + 174)/2 = 169.2The following table gives categories for income and expenditures for a representative country: Net exports of goods and services Net interest paid by business Government purchases of goods and services Gross private domestic investment Taxes unrelated to incomes net of subsidies - 600 480 1,800 2,400 480 Rental income of individuals plus implicit rent on owner-occupied housing Wages, salaries, employee compensation Personal consumption expenses Depreciation Proprietorial income Corporate profits 240 7,200 8,400 960 1,200 1,440 Use the data in the table to calculate Gross Domestic Income (GDI) for this country. GDI is equal to $
