Consider the following estimated model based on monthly data of Australian manufacturing exports (EXP) measured in thousand dollars, ĒXP = 346. 05 + 7. 93t Where t is a measure of time. Which of the following is a correct statement about the growth of EXP? O EXP grows by 346.05 dollars on average every month. O EXP; grows by 7930 dollars on average every month. O EXP grows by 7.93% on average every month. O EXP grows by 793 dollars on average every month.
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- Gross Domestic Product The U.S. gross domesticproduct (GDP) (in trillions of dollars) for selectedyears from 2005 and projected to 2070 can be modeled by y = 0.116x2-3.792x + 45.330, where xis the number of years after 2000. During what yearsbetween 2005 and 2070 was the gross domestic product no more than $23.03 trillion?Performance of Key Sectors Exports of manufactured goods surpassed RM1 tril mark for the first time Manufactured Goods Manufactured Goods RM848.84 bil RM1.067 tril 个25.6% 123.4% 86.1%* 86.0% EXPORTS IMPORTS RM1.240 tril RM987.24 bil 5.6% 7.9% 5.4% 6.2% Others . Agriculture Goods RM4.71 bil RM98.10 Others Ágriculture Goods RM60.97 bil 个12.3% 136.8% RM24.40 bil Mining Goods RM69.79 bil 158.7% 125.0% 119.5% Mining Goods RM53.04 bil Note: * share 19.0% 1. ANALYSE THE PERFORMANCE OF THE KEYS SECTORS ABOVEExercise 2 Consider a small open economy. Assume that GDP (Y) is 5000. Consumption (C) is given by the equation C = 1000 + 0.25(Y-T). Investment (1) is given by the equation I = 1500 – 50r, where r is the real interest rate in percentage points. The world interest rate is actually 5% (r*-5). Taxes (T) are 1000 and government spending (G) is 1500. Net exports are given by the equation NX=500-250E. 1. Compute the equilibrium real exchange rate. Is the Purchasing Power Parity assumption respected? Suppose that prices in the home currency are ten times smaller than prices in the dominant foreing currency. Which is the nominal exchange rate? 2. Is the government budget in surplus or deficit? For each of the possible policy tools to achieve a balanced budget, compute the equilibrium exchange rate and represent it graphically. Interpret your results. 3. Suppose T and G at their initial values (1000 and 1500). Suppose there is a shift in the global supply of funds, so that the new world…
- A certain country's GDP (total monetary value of all finished goods and services produced in that country) can be approximated by g(t) = 2,000-420e 0.07t billion dollars per year (0 ≤t≤ 5), where t is time in years since January 2010. Find an expression for the total GDP G(t) of sold goods in this country from January 2010 to time t. HINT: [Use the shortcuts.] G(t) = Estimate, to the nearest billion dollars, the country's total GDP from January 2010 through June 2014. (The actual value was 7,321 billion dollars.) Xbillion dollarsTime remaining: 01:59:30 Economics 1: Suppose the nation of Utopia has the following national income and product accounts.Depreciation 50Exports 65GDP 500Gross Private Domestic Investment 90Government Purchases of goods & services 100Government transfer payments 80Imports 75Income paid to foreigners for their contribution to domestic output 15Income received by citizens for factors of production supplied abroad 20a. What are Personal Consumption Expenditures?b. What is GNP?c. What is Net Private Domestic Investment? 2:Suppose I offer to give you $1000 in two years if you give me $900 today. Is this a good deal if . . a. the interest rate is 2%?b. the interest rate is 5%?c. the interest rate is 10%?Malaysia’s GDP to grow 6.3% to 7.5% next year, KUALA LUMPUR (July 7): International agencies have forecast that Malaysia's gross domestic product (GDP) growth in 2021 will be in the range of 6.3% to 7.5%, according to Finance Minister Tengku Datuk Seri Zafrul Tengku Abdul Aziz.The finance minister said the projections are subject to Malaysia’s continued success in managing Covid-19, as well as in steering and nurturing the economy towards recovery and growth. "As Malaysia is an open economy, whether our growth will be a U-shaped or V-shaped recovery will also depend on external factors, such as the recovery of our major trading partners as well as the restoration of global supply chains," he said in his welcoming address at Invest Malaysia 2020 today. Malaysia recorded only five new Covid-19 cases yesterday, with only 198 active cases and an approximately 98% recovery rate to date. "The rate of infections may have been low in our country, but the public have been constantly reminded…
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