Chat with AI
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Edition 1ISBN: 978-0077332648 Exercise 4
Table 7P-11 shows data on population and expenditures in five countries, as well as the value of home production, the underground economy, and environmental externalities in each.
a. Calculate GDP and GDP per capita in each country.
b. Calculate the size of home production, the underground economy, and environmental externalities in each country as a percentage of GDP.
c. Calculate total and per capita "GDP-plus" in each country by including the value of home production, the underground economy, and environmental externalities.
d. Rank countries by total and per capita GDP, and again by total and per capita "GDPplus." Compare the two lists. Are the biggest and the smallest economies the same or different?
a. Calculate GDP and GDP per capita in each country.
b. Calculate the size of home production, the underground economy, and environmental externalities in each country as a percentage of GDP.
c. Calculate total and per capita "GDP-plus" in each country by including the value of home production, the underground economy, and environmental externalities.
d. Rank countries by total and per capita GDP, and again by total and per capita "GDPplus." Compare the two lists. Are the biggest and the smallest economies the same or different?
Explanation
Verified
Verified
Table -1:
Table -1 is showing component...
Macroeconomics 1st Edition by Dean Karlan,Jonathan Morduch
Why don’t you like this exercise?
Other Minimum 8 character and maximum 255 character
Character 255
