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Given the following data for the economy of Sinlandia:

(a)Nominal GDP 1985 =$165b

(b)Nominal GDP 1995 =$185

(c)GDP deflator 1985 =95

(d)GDP deflator 1995=120

(e)Population 1985= 8m

(f)Population 1995 = 6m

(g)Capital Consumption Allowances 1995=$10b

(h)Savings 1985=$85b

(i)Savings 1995 =$75b

(j)Subsidies 1995=$6b

(k)Indirect taxes =$2.5b

(l)Net factor payments from abroad 1985=-$35b

(m)Net factor payments from abroad 1995=$65b

Using the data provided above, calculate the following:

a. Calculate the growth rate of nominal GDP and constant GDP for the period 1985-1995

b. Calculate the growth rate of nominal GDP and constant GDP per capita for the period 1985-1995

c. What is the current GNP in 1985 and 1995?

d. Calculate the growth rate of nominal GNP and constant GNP per capita for the period 1985-1995

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M91677935

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