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List the key trade policy challenges for Small Developing Island States (SIDS) in the present context of COVID-19? Suggest how these could be dealt with.
Q1.If nominal GDP in 2005 exceeds nominal GDP in 2004, did real output rise? Did prices rise?
Q2.If you buy a $20,000 Toyota that was produced entirely in Japan, does this affect Ghana’s
GDP? Show how this expenditure would affect the appropriate expenditure categories that
make up GDP.
Q3.What contributes more when measuring GDP, a new diamond necklace purchased by a
wealthy person or a bottle of Pepsi purchased by a thirsty person? Why?
Q4.If your neighbor hires you to watch her kids instead of doing it herself, what will happen to
GDP? Did output! production change? Briefly explain your answer.
With clear illustrations, discuss challenges associated with offshoring and systematically highlight strategies necessary for assured venture growth in any business environment
What is sticky price model and purpose of sticky price
2. Given the following data, calculate Net Domestic Product (NDP) at market prices: Gross National Product at market prices= US$ 85,000 Depreciation = US$ 3,000 Net factor income from abroad = US$ 2,000
Which of the following statements regarding government spending and the financing of such spending is/are correct?
a) The difference between government spending and borrowing is called the budget deficit.
b) c)
If government finances part of its spending from borrowing from the central bank, this is called inflationary financing.
Income generated from state-owned enterprises forms part of the sources of revenue for government.
The catch-up effect says that countries with low income can grow faster than countries with higher income. However, in statistical studies that include many diverse countries we do not observe the catch-up-effect unless we control for other variables that affect productivity. Considering the determinants of productivity, list and explain some things that would tend to prohibit or limit a poor country's ability to catch up with the rich ones.
b) What do you see as the essential difference between classical and Keynesian theories of aggregate supply?
Given the following information:
Gov't private expenditure: 40
Gov't expenditure on goods and services: 17.50
Investments: 10.75
Export income from abroad: 12.50
Import income paid to abroad: 11.75
Taxes on expenditure: 9
Capital Consumption: 6.20
General subsidies: 0.75
1. Find GDP, NDP and National income
2. What method of computing is used?
Review the last year’s COVID19 supplementary budget of Fiji (available online) and discuss if the initiatives are adequate to mitigate the pandemic. Discuss the drawbacks, and explain how they may be improved.
