Coconut Producers' balance sheets: Total Revenues = $20 Wages = $5 Taxes = $1.5 Interest on Loans $0.5 What is the Coconut Producer contribution’s to GDP using the Income Approach?

1. Coconut Producers' balance sheets:

· Total Revenues = $20

· Wages = $5

· Taxes = $1.5 

· Interest on Loans $0.5

What is the Coconut Producer contribution’s to GDP using the Value Added Approach?  (omit the $-sign in your answer)

10 points   

QUESTION 2

1. Coconut Producers' balance sheets:

· Total Revenues = $20

· Wages = $5

· Taxes = $1.5 

· Interest on Loans $0.5

What is the Coconut Producer contribution’s to GDP using the Expenditure Approach?  (omit the $-sign in your answer)

10 points   

QUESTION 3

1. Coconut Producers' balance sheets:

· Total Revenues = $20

· Wages = $5

· Taxes = $1.5 

· Interest on Loans $0.5

What is the Coconut Producer contribution’s to GDP using the Income Approach?  (omit the $-sign in your answer)

10 points   

QUESTION 4

1.

Car Producers' balance sheets:

1. Total Revenues = $100

1. Steel Purchases = $30

1. Wages = $35

1. Taxes = $10 

1. Interest on Loans $2

What is the Car Producers' contribution’s to GDP using the Income Approach?  (omit the $-sign in your answer)

10 points   

QUESTION 5

1. Car Producers' balance sheets:

1. Total Revenues = $100

1. Steel Purchases = $30

1. Wages = $35

1. Taxes = $10 

1. Interest on Loans $2

What is the Car Producers' contribution’s to GDP using the Value Added Approach?  (omit the $-sign in your answer)

10 points   

QUESTION 6

1. Car Producers' balance sheets:

1. Total Revenues = $100

1. Steel Purchases = $30

1. Wages = $35

1. Taxes = $10 

1. Interest on Loans $2

What is the Car Producers' contribution’s to GDP using the Expenditure Approach?  (omit the $-sign in your answer)

10 points   

QUESTION 7

1. Consider the following Economy in which only cars and bananas are produced

Year 1

Year 2

Nominal GDP Year 1 =  

Nominal GDP Year 2 = 

(Omit any $-sign in your answer)

10 points   

QUESTION 8

1. Consider the following Economy in which only cars and bananas are produced

Year 1

Year 2

Real GDP Year 1 =   (Using Year 1's prices)

Real GDP Year 2 =  (Using Year 1's prices)

Inflation Rate between Year 2 and Year 1 =   (using Chain-Weighting, your answer has to be a percentage - for example +5.2%. Stop at the first decimal sign!)

(Omit any $-sign in your answer)

20 points   

QUESTION 9

1. Consider the following diagram representing GDP per capita's Cyclical Component as % of Trend:

If you focus on the great recession, you notice that...