[Solved] Assignment 218927

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Subject: Economics    / General Economics
QuestionQuestion 1)Answer the next question on the basis of the following data. All figures are in billions of dollars.Gross investment$ 18Net exports2Residential fixed investment5Inventory investment3Net investment13Consumption (depreciation) of fixed capital is$5.$15.$16.$13.Question 2)Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500Real GDP per capita __________ between 2008 and 2009.decreasesincreasescannot be calculatedremains constantQuestion 3)Use the following table to answer the next question.YearReal GDPPopulation2008$20,000200200940,000400201060,000400201170,000500In 2009 real GDP per capita equals$20,000.$2,000.$100.$1,000.Question 4)A nation’s nominal gross domestic product (GDP)?is always some amount less than C + I + G + NX.is the dollar value of all final output produced within the borders of the nation during a specific period of time.is the dollar value of all final output produced by its citizens, regardless of where they are living.can be found by summing C + I + S + NX.Question 5)Use the following table to answer the next question. The base year is 2007.YearHot DogsPrice QuantityBaseballsPrice QuantityBottles of BeerPrice Quantity2005$ 2.00 100$ 5.00 50$2.00 10020064.00 1005.00 1002.00 15020076.00 1005.00 1002.00 20020088.00 1508.00 2004.00 200200910.00 20010.00 2004.00 250The Consumer Price Index for the year 2007 is100.150.50.200.

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