8d. In the table below, we see that although GDP has increased, the GDP growth rate went down which indicates a possible recession. Advise the government on a monetary policy to promote economic growth in the country. Explain in detail the actions the central bank can take and the expected positive and negative effects on the economy. 2016 2.28 8.3 1.6 7.8 2017 2.43 6.8 Gross Domestic Product (Constant, 2015) $ Trillion Gross Domestic Product (GDP) growth rate% Consumer Price Index (Inflation) % Unemployment rate % Figure 3. A table showing some economic indicators for India for 2016-2017 (WDI, 2023) 2.2 7.7

8d. In the table below, we see that although GDP has increased, the GDP growth rate went down which indicates a possible recession. Advise the government on a monetary policy to promote economic growth in the country. Explain in detail the actions the central bank can take and the expected positive and negative effects on the economy. 2016 2.28 8.3 1.6 7.8 2017 2.43 6.8 Gross Domestic Product (Constant, 2015) $ Trillion Gross Domestic Product (GDP) growth rate% Consumer Price Index (Inflation) % Unemployment rate % Figure 3. A table showing some economic indicators for India for 2016-2017 (WDI, 2023) 2.2 7.7

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter19: The Macroeconomic Perspective

Section: Chapter Questions

Problem 1SCQ: Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment...

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Country A has export sales of 20 billion, government purchases of 1,000 billion, business investment is 50 billion, imports are 40 billion, and consumption spending is 2,000 billion. What is the dollar value of GDP?
1. The table below shows hypothetical data on indicators for estimating National Income Accounts. Choose the appropriate indicators to compute Gross Domestic Product (GDP) and Gross National Income (GNI) by Final Expenditure Approach and Factor Income Approach. Amount in Billion Pesos Indicator 2019 2020 Interest Income 300 350 Wages Gross Private Investment 134 225 248 370 Depreciation Business profits 72 85 400 480 Indirect business taxes 148 180 Rental Income Exports Imports Net foreign factor income Household consumption Government expenditures Consumer Price Index (2018=100) 150 250 52 70 16 25 312 400 608 735 312 420 112 125 а. Nominal GDP by Final Expenditure Approach for 2019 and 2020 b. Nominal GDP by Factor Income Approach for 2019 and 2020 С. Nominal GNI for 2019 and 2020 d. Real GDP for 2019 and 2020 е. Real GNI for 2019 and 2020 f. Nominal GDP growth rate from 2019 to 2020 g. Real GNI growth rate from 2019 to 2020 h. Inflation rate from 2019 to 2020
Consider the following data for a closed economy: Y = $12 trillion C = $9 trillion G = $2 trillion = $- 1.0 trillion Spublic T= $3 trillion Jse the data to calculate the following: (Enter your responses rounded to one decimal place.) a. Private saving is: $ trillion. b. Investment spending is: $ trillion. c. Transfer payments are: $ trillion. d. The government budget balance is: $ trillion and as a result the government budget is in
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Consider the following data for a particular economy: GDPmp = 950 Private consumption = 750 Gross investment = 100 Net investment = 80 Exports = 250 Imports = 300 Net Indirect taxes = 50 Net external income = 100 Balance of transfers with the Rest of the World = 50 Private savings = 300 Calculate: a) NNPbp (Net National Product) and Current balance. Interpret the result obtained. b) Public savings and Totaltaxes net of Gov. transfers. Interpret the result obtained.
Use the table below to calculate disposable personal income. Disposable personal income equals: dollars in billions 30 dollars Exports Imports Gross investment Net foreign factor income Social security taxes Personal taxes Indirect business taxes in billions 49 69 100 190 550 65 Net non-business interest income Corporate retain ed carnings Net interest 20 200 Government transfer payments Govermment purchases Personal consumption Depreciation 37 92 44 10 Select one: O A. $776 billion O B. $693 billion O C. $773 billion O D. $717 billion
stion 11 A nation's potential output/GDP is best described as: The maximum growth rate of output/GDP a nation can sustain by keeping taxes low. The maximum level of output/GDP which can be produced with a nation's resources. A high-employment level of output/GDP. The maximum growth rate of output/GDP a nation can sustain by keeping both taxes and interest rates low. The maximum growth rate of output/GDP a nation can sustain by keeping interest rates low. Moving to the next question prevents changes to this answer. JUL 20 tv 11 MacBook Pro O □ A
9:22 KB/S f Topic 1.pptx 5. You are given the following information about an economy: Gross private domestic investment = 40 Government purchases of goods and services = 30. Gross national product (GNP) = 200 Current account balance = -20 Taxes = 60 Government transfer payments to the domestic private sector = 25 Interest payments from the government to the domestic private sector = 15 (Assume all interest payments by the government go to domestic households.) Factor income received from rest of world = 7 Factor payments made to rest of wor = 9 Find the following, assuming that government invest- ment is zero: a. Consumption b. Net exports c. GDP d. Net factor payments from abroad e. Private saving f. Government saving g. National saving the fellowing infermalion, Calulate GF ablo Income'ad lriveate Sawing: Conqerplion 4 Soo -6,300 ensilios of Empleyees eh lerron.
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n year 2018, the government of Qatar spent is 143 billion Qatari Riyal (the national currency of Qatar). The GDP of Qatar in the same year is 1,121 billion Qatari Riyal. Qatar's desired consumption and desired investment during the year can be summarized by the following equations: Cd=1,000-5,000r Id=800-3000r Where Cd is the desired consumption in billions of Qatari Riyal, Id if the desired investment in billions of Qatari Riyal, and r is the real interest rate in decimal form. What is the equilibrium real interest rate r* in %? round to at least 2 decimal places
geld on Haloolvo quoy maotal glad warb si bo of sib bo daj si Actual and potential output in the United States and Year Real GDP Potential Output Попознае бар (trillions) (trillions) 2016 $17.68 $18.02 sq si 2017 $18.08 D$18.32 2018 $18.61 $18.65 2019 $19.03 $19.02 2020 $18.38 $19.38 2021 $19.43 $19.78 a. Calculate the output gap for each year. b. What does it mean when the output gap is negative? What does it mean when it is positive? c. For each year, calculate how much the output gap changed. Compare this to the growth rate of actual output that year, less the growth rate of potential output.