Given the above graph, what are the imports and exports for this country? a- It imports 25 computers and exports 275 shoes - It exports 25 computers and imports 275 shoes - It imports 125 computes and exports 350 shoes - It exports 125 computes and imports 350 shoes
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- Calculate trade-to-GDP for both case and define what does the trade-to-GDP ratio measure. Compare the results for two countries and discuss if a low value indicate that a country is closed to trade with the outside world. Import (current USD, bln) 380.1 Export (current USD, bln 466.3 917.9 GDP (current USD, bln) 705.1 4,954.8 Switzerland Japan 906.3What is export,import rate and net export reflecting in terms of GDP of a country? What it indicates when the value is high or low?The table below shows the export and import values of automobiles, pharmaceuticals, and clothing in Country A and Country B. Country A Automobiles Exports ($Billions) Imports ($Billions) 20 40 Pharmaceuticals 30 30 40 Clothing Country B Exports ($Billions) Imports ($Billions) Automobiles 0 Pharmaceuticals 40 Clothing 45 The IIT share is zero for in Country A and for O pharmaceuticals; pharmaceuticals O clothing; pharmaceuticals O automobiles: pharmaceuticals Oclothing; automobiles 0 20 40 35 in Country B.
- 2. Exports, imports, and Net exportsThe following table presents the exports and imports of a country in three categories for the years 2005 and 2010. Categorie Exports (millions $) Imports (millions in $) 2000 2010 2000 2010 Agriculture 51,296 70,912 39,186 65,459 Manufacture 625,894 785,599 1,012,855 1,416,302 Minery 13,479 34,711 135,367 332,500 Construct four matrices, one for each column of the table, whose dimension is 3 x 1. Use two of these matrices to determine matrix E, which will represent the trade balance for the year 2000 and matrix B, which will represent the trade balance for the year 2010. Apply the concepts of matrix algebra to determine the matrix E - F, which will compare both years. Apply the properties of the matrices to determine if the trade balance from…(Table: U.S. International Trade in Goods and Services, 2021, in millions of dollars. Details may not equal totals, due to seasonal adjustment and rounding.) The table contains data on U.S. trade in 2021.In 2021, the United States imported million worth of goods. Exports Goods Services Total Total 2021 -861,383 -1,091,384 230,001 2,532,955 1,761,709 771,247 a. Period $2,532,955 b. $758,888 C. -$861,383 Balance Goods d. $2,853,093 Imports Goods Services 3,394,339 2,853,093 541,245 Services Total
- Consider the following table showing the breakdown of GDP (in billions) for China. GDP Category Amount (in billions) Wages and Salaries 1000Consumption 1700Investment 700Depreciation 50Government Expenditure100Taxes 300Exports 50Imports 40Income receipts from rest of the world10Income payment to rest of the world50 What are net exports for China? 4. Suppose that GDP in Japan is 1030 and then grows to 1160 (all numbers in billions)What is the growth rate of GDP in Japan?Use the following information to answer questions 5 through 15: The tables below show data on prices and quantities of Oranges and Shoes produced in China. Data for 2014Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.7 200 10 270Data for 2015Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes0.9 150 14 250Data for 2016Price of Oranges Quantity of Oranges Price of Shoes Quantity of Shoes1.4 300 15 3305. Given this data, what is the Nominal GDP in 2014?6. What is the Nominal GDP in…2. The following data are available on the prices of imports and exports of a particular country Exports (S) Imports (S) 2019 60 100 2020 40 120 2021 80 140 Calculate an index for the terms of trade such that the index assumes the value of 100 in 2019. Also calculate the percentage changes in the index in 2020 and 2021.If you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions 125 personal taxes (direct taxes ) Imports 410 350 Rent 250 income of foreigners inside Jordan 450 145 Exports retained (undistributed) profit 70 Interest 360 50 Depreciations transfer payments 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 275 corporate taxes Government expenditures 740 Profit 475 According to the above information answer the following questions:
- If the index of import prices for a country is 124 and the export price index is 120, what is the terms of trade index? Briefly explain what your answer means.Quantity of Soybeans 22 20 10 0 16 The figure above depicts a country that O imports 12 units of soybeans. imports 16 units of flowers. exports 12 units of soybeans. exports 30 units of flowers. 28 exports 14 units of flowers. Pt 30 Quantity of FlowersIf you have the following data that representing an economy of a country as follow: transfer payments 355 Indirect taxes 315 Wages 2335 social security deductions personal taxes (direct taxes ) 125 410 Imports 350 Rent 250 income of foreigners inside Jordan 450 Exports 145 retained (undistributed) profit 70 Interest 360 Depreciations transfer payments 50 355 income of the Jordanian from abroad 300 Gross private investment expenditures 750 corporate taxes 275 Government expenditures 740 Profit 475 According to the above information answer the following questions: 1. find the following values related to GDP accounts : Gross domestic product (GDP) according expenditure approach = Net domestic product (NDP) = Domestic income (DOI) = Gross national product (GNP) = Net national product (NNP) = National income (NI) = Personal income = • Disposable personal income (DPI) = • household savings (S) = Cash Dividends ( distributed profit) = 2. Find the Gross Domestic Product (GDP) according to…