查看完整版本 : econ homework

jasonchung789 2018-11-27 08:10 PM

econ homework

Venzulais a small country located in South Africa.  Each year, the Census and Statistics Bureau ofVenzula will prepare and publish the economic information of the country.  The following is the Gross Domestic Product (GDP)data and other information of Venzula published in earlier this year:
[table][tr][td=1,1,367]  [align=center]GDP  Components[/align]
[/td][td=1,1,227]  [align=center]At Current  Market Prices (2017)[/align]
[align=center]$ million[/align]
[/td][/tr] [tr][td=1,1,367]  Private consumption expenditure[/td][td=1,1,227]  [align=center]2,190[/align]
[/td][/tr] [tr][td=1,1,367]  Government  consumption expenditure[/td][td=1,1,227]  [align=center]3,245[/align]
[/td][/tr] [tr][td=1,1,367]  Gross private  domestic investment[/td][td=1,1,227]  [align=center]2,860[/align]
[/td][/tr] [tr][td=1,1,367]  Corporate net profit[/td][td=1,1,227]  [align=center]4,751[/align]
[/td][/tr] [tr][td=1,1,367]  Net interest[/td][td=1,1,227]  [align=center]225[/align]
[/td][/tr] [tr][td=1,1,367]  Rental income[/td][td=1,1,227]  [align=center]2,074[/align]
[/td][/tr] [tr][td=1,1,367]  Wages[/td][td=1,1,227]  [align=center]3,065[/align]
[/td][/tr] [tr][td=1,1,367]  Export of goods[/td][td=1,1,227]  [align=center]1,676[/align]
[/td][/tr] [tr][td=1,1,367]  Import of goods[/td][td=1,1,227]  [align=center]1,532[/align]
[/td][/tr] [tr][td=1,1,367]  Export of services[/td][td=1,1,227]  [align=center]2,908[/align]
[/td][/tr] [tr][td=1,1,367]  Import of services[/td][td=1,1,227]  [align=center]1,237[/align]
[/td][/tr] [tr][td=1,1,367]  Depreciation[/td][td=1,1,227]  [align=center]560[/align]
[/td][/tr] [tr][td=1,1,367]  Indirect business  tax[/td][td=1,1,227]  [align=center]362[/align]
[/td][/tr] [tr][td=1,1,367]  Government subsidy[/td][td=1,1,227]  [align=center]927[/align]
[/td][/tr] [tr][td=2,1,593]  [align=center][b]Other Information of Venzula[/b][/align]
[/td][/tr] [tr][td=1,1,367]  Marginal propensity to  consume[/td][td=1,1,227]  [align=center]0.4[/align]
[/td][/tr] [tr][td=1,1,367]  GDP deflator in 2017[/td][td=1,1,227]  [align=center]144[/align]
[/td][/tr] [tr][td=1,1,367]  [align=left]Income earned by Venzula residents in  overseas countries[/align]
[/td][td=1,1,227]  [align=center]$283 million[/align]
[/td][/tr] [tr][td=1,1,367]  [align=left]Income earned by non-Venzula residents in  Venzula[/align]
[/td][td=1,1,227]  [align=center]$107 million[/align]
[/td][/tr] [tr][td=1,1,367]  Per capita nominal GDP[/td][td=1,1,227]  [align=center]$6,740[/align]
[/td][/tr][/table]
[align=left]
[table][tr][td=1,2,38]  (a)[/td][td=1,1,38]  (i)[/td][td=1,1,422]  Use both expenditure approach and income approach to calculate the  GDP at current market price in 2017. Show your steps.[/td][td=1,1,85]  (8 marks) [/td][/tr] [tr][td=1,1,38]  (ii)[/td][td=1,1,422]  Will the GDP amount calculated by these two approaches be the same or different?  Explain your answer.[/td][td=1,1,85]  (4 marks) [/td][/tr] [tr][td=1,1,38]   [/td][td=2,1,460]   [/td][td=1,1,85]   [/td][/tr] [tr][td=1,1,38]  (b)[/td][td=1,1,38]  (i)

(ii)[/td][td=1,1,422]  Given the per capita nominal GDP of Venzula in the above  table, find the population of Venzula in 2017.
What is Gross National Product (GNP)?   Calculate the GNP of Venzula.[/td][td=1,1,85]  (2 marks) (4 marks)  [/td][/tr] [tr][td=1,1,38]  (c)[/td][td=2,1,460]  (i)      The  economist of the Census and Statistics Bureau forecasts that           Venzula will experience an economic  downturn in 2019.  If the           government of Venzula wants to  stimulate the economy, what              kind  of discretionary fiscal policy should be adopted?  Briefly           explain  this policy.[/td][td=1,1,85]  (3 marks)    [/td][/tr] [tr][td=1,1,38]   [/td][td=2,1,460]   
(ii)     Give  two examples of “automatic stabilizers”. How the setting up           of automatic stabilizers could  stimulate the economy of Venzula            in times of economic downturn?[/td][td=1,1,85]   (4 marks)  [/td][/tr][/table]
[/align]
[align=left]求救 求ching幫忙 thx!!![/align]
頁: [1]
查看完整版本: econ homework