Macroeconomics
Macroeconomics
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Macroeconomics
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01

The following list shows the total expenditures in Country B for last year.

Macroeconomics
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Available time 20 Minute(s)
01. Question
Level Medium
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The following list shows the total expenditures in Country B for last year. All monetary values are in billions of euros (€bn), expressed in current prices:

  • Export earnings=96
  • Government expenditure=195
  • Household consumption=363
  • Import expenditure=123
  • Net property income=58
  • Private-sector investments=159

(a). Define the term GDP at current prices.

[Marks: 2]

 (b). Calculate the nominal value GDP for Country B.

[Marks: 2]

(c). Calculate the real GDP for Country B if the GDP deflator for last year was 103.8.

[Marks: 2]

(d). Country B’s real GDP is €650.25 billion this year.

Calculate thecountry’s growth rate since last year.

[Marks: 2]
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