User Account

All Pages

Calculate the country economic growth

Assignment Help Business Economics
Reference no: EM131081687

(a) Suppose your annual income in 2014 was $150,000. Using 2013 as the base year, calculate your real 2014 income measured in 2013 dollars if the CPI is 105 in 2014.

(b) Explain how net exports affect an economy. Calculate a country's current account balance if country's total income accruing to its residents is $150 billion, consumption is $120 billion and country's total spending on capital goods by private sector and government is $30 billion.

(c) Suppose a country's nominal GDP increases from $100 billion in 2012 to $120 billion in 2013. The GDP implicit price deflator was 100 in 2012 and 100.1 in 2013. Calculate the country's economic growth.

Reference no: EM131081687

Questions Cloud

Comparative advantage with respect to united states : Briefly explain whether you agree with the following argument: "Unfortunately, Bolivia does not have a comparative advantage with respect to the United States in the production of any good or service."
What will be darkhawk bonds price in year : DarkHawk Co. issued $1000 face bonds with a 6% annual coupon in 2010. The bonds mature in 2030. Exactly 5 years later a company financially similar to DarkHawk, is preparing to issue 20 year $1000 face bonds with a 7% annual coupon. What will be Dark..
Explore the story through the three paradigms of identity : Write a reflection paper which synthesizes your new scholarship and gives meaning to the time that you have spent reading and learning about issues related to conflict coaching archetypes. The goal of this paper is to think about the "so what, why..
About six days to receive and deposit checks from customers : It takes Cookie Cutter Modular Homes, Inc., about six days to receive and deposit checks from customers. Cookie Cutter’s management is considering a lockbox system to reduce the firm’s collection times. It is expected that the lockbox system will red..
Calculate the country economic growth : Suppose a country's nominal GDP increases from $100 billion in 2012 to $120 billion in 2013. The GDP implicit price deflator was 100 in 2012 and 100.1 in 2013. Calculate the country's economic growth.
Buybacks can be used to maintain certain stock price range : A firm should only pay cash dividends during the maturity phase. A stock dividend is a lower cost alternative to a cash dividend and can be considered at all but the initial stages of a corporate life cycle. A poison pill strategy should be considere..
Impact the theory of consumer choice : You have been asked to assist your organization's marketing department to better understand how consumers make economic decisions. Write a 1,050-word analysis that includes the following:
Cost of trade credit and bank loan : Lamar Lumber buys $8 million of materials (net of discounts) on terms of 3/5, net 30; and it currently pays after 5 days and takes discounts. Lamar plans to expand, which will require additional financing. Assume 365 days in year for your calculation..
What food microbiologys role is in microbiology field : Please discuss which microorganism you chose, what type of creature is it (virus, bacteria, etc.), where is it commonly found, what it consumes, what Food Microbiologys positive role is in the particular microbiology field?

Reviews

Write a Review

Business Economics Questions & Answers

  Qthe mundell-fleming model takes the world interest rate r

q.the mundell-fleming model takes the world interest rate r as an exogenous variable. lets consider illustrate what

  Demand for insurance and demand for medical care

What is the difference between demand for insurance and demand for medical care?

  Idea of equilibrium in the income-expenditure model

Use your own words to explain the idea of equilibrium in the income-expenditure model. As part of your answer explain what happens when aggregate expenditure either exceeds or falls short of output in the current period and what impact this has on pr..

  Forecast savings mart sales of patio furniture each quarter

Savings Mart sells patio furniture. Sales are seasonal with higher sales in the spring and summer quarter and lower sales during the fall and winter quarters. Forecast Savings mart sales of patio furniture for each quarter of 2010

  Explain why the transformed model meets the gauss-markov

find a transformation of the data to be able to use the same data to estimate a model that satisfies the Gauss-Markov assumptions. be clear and explicit about the process. clearly explain why the transformed model meets the Gauss-markov assumptio..

  Firm to economically efficient from societys point of view

For a firm to be economically efficient from society's point of view, it should produce at the point at which:

  Quantity demanded is less than percentage change in price

If the percentage change in quantity demanded is less than the percentage change in price, we would say that over this range, demand is:

  What is the probability that an unemployed worker

Unemployment spells and long term unemployment. According to the data presented in this chapter, about 47% of unemployed workers leave unemployment each month. What is the probability that an unemployed worker will still be unemployed after one month..

  State any important assumptions you make in your analysis

Which pizza-baking oven would you select and why? State any important assumptions you make in your analysis.

  Absolute advantage in washing the car

Molly needs 30 minutes to wash the car and 45 minutes to mow the lawn. Renee needs 1 hour to wash the car and 2 hours to mow the lawn. Which of the following statements is correct?

  Goods and services that are not sold in markets such as

goods and services that are not sold in markets such as food produced and consumed at home and some household articles

  Long-run equilibrium output of each firm-price of candles

Suppose the candle manufacturing industry is organized as a perfectly competitive market i.e. it consists of many firms with identical cost structures. A single firm's long-run average total cost function is “U” shaped and minimized at an output of q..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd