Question
Real GDP grew 1 percent in the first quarter of 2011. Business investment increased 3.2 percent, exports grew 1.6 percent, and imports rose by 2.2 percent.
Use the letters on the figure in Problem 3 to indicate the flow in which

Question
Use the following data to calculate aggregate expenditure and imports of goods and services.
• Government expenditure: $20 billion
• Aggregate income: $100 billion
• Consumption expenditure: $67 billion
• Investment: $21 billion
• Exports of goods

Question
Desert Kingdom (described in problem 3) decides to use the chain-weighted output index method of calculating real GDP. Using this method, calculate
a. The growth rate of real GDP in 2011.
b. Compare and comment on the differences in real

Question
a. Nominal GDP and real GDP in 2010 and 2011.
b. Real GDP in 2011 in terms of the base-year prices.

Subject
business economics

Question
The table shows data from the United Kingdom in 2005.
Items Billions of pounds
Wages paid to labour …………………………. 685
Consumption expenditure ……………………. 791
Taxes …………………………………………. 394
Transfer payments …………………………… 267
Profits ………………………………………… 273
Investment ……………………………………. 209
Government expenditure

Question
The transactions in Jupiter last year are in the table given below.
Item Dollars
GDP …………………………………… 1400.000
Consumption expenditure …………….. 700.000
Taxes …………………………………… 350.000
Transfer payments …………………….. 150.000
Profits ………………………………….

Question
During 2009, flow A was $1,300 billion, flow B was $910 billion, flow D was $330 billion, and flow E was –$80 billion. Calculate the 2009 values of
a. GDP.
b. Government expenditure.

Subject
business economics

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Question
Figure shows the flows of expenditure and income for a small nation. During 2009, flow A was â??$15 million, flow B was $40 million, flow C was $90 million, and flow D was $45 million. Calculate a. Aggregate expenditure. b. Aggregate income.

Question
Use the information in Problem 29 to calculate the chained-dollar real GDP in 2012 expressed in 2011 dollars.

Subject
business economics

Question
GDP has proved useful in tracking both short-term fluctuations and long-run growth. Which isn’t to say GDP doesn’t miss some things. Amartya Sen, at Harvard, ed create the United Nations’ Human Development Index, which combines health and education data with per capita