BUS104 T3 2022 Test Week 12 (Moodle) - Backup - Word (Product Activation Failed) X C5 Table Tools File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do. Sign in & Share Find & Cut Times New R - 10 ~ A A | Aa-| A = =+ + 2 21 9 Figure 1.1 AaBbCcDd. AaBbC AaBbCc 1.1.1 Aal 1.1.1.1 A 1.1.1.1.1 AaBbCcDd gac Replace Copy 1 Caption Emphasis 1 Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 1 Heading 5 Format Painter B I U - abe X2 X? A - aZ . A. 1 Normal Paste Select Styles Editing Clipboard Font Paragraph + Question 06 (ES) Consider the macroeconomic data for a particular economy reported in the following table. Variable 2022 2021 Consumption spending $209 billion $198 billion Investment spending $283 billion $273 billion Government spending $301 billion $297 billion Net exports (= exports - $-87 billion $-80 billion imports) Employed persons 28.5 million 28.3 million Unemployed persons 1.3 million 1.4 million ES Working age population 39.8 million 39.7 million Total population 54 million (or 0.054 54 million (or 0.054 - + 110% Page 3 of 8 949 words [ 0 10:11 AM 67.F Q Search 2/10/2023 Partly sunnyTable Tools BUS104 T3 2022 Test Week 12 (Moodle) - Backup - Word (Product Activation Failed) X C5 File Home Insert Design Layout References Mailings Review View Design Layout Tell me what you want to do. Sign in & Share & Cut Find Times New R - 10 ~ A A | Aa- | A = - = + OF + 2 21 91 Figure 1.1 AaBbCcDd. AaBbC AaBbCc 1.1.1 Aal 1.1.1.1 A 1.1.1.1.1 AaBbCcDd Copy gac Replace Paste B I U - abe X2 X? A - aZ . A. 1 Caption Emphasis 1 Heading 1 1 Heading 2 1 Heading 3 1 Heading 4 1 Heading 5 1 Normal Select Format Painter Clipboard Font Paragraph Styles Editing Net exports (= exports - $-87 billion $-80 billion imports) Employed persons 28.5 million 28.3 million Unemployed persons 1.3 million 1.4 million ES Working age population 39.8 million 39.7 million Total population 54 million (or 0.054 54 million (or 0.054 billion) billion) CPI 108.6 103.4 (a) Calculate GDP for this economy for 2021 and 2022. (2 marks) (b) Using your GDP calculations from Part (a), do you think this economy is expanding or contracting? Explain your answer. (3 marks) (c) Calculate GDP per capita for this economy for 2022. What does this measure? (3 marks) Page 3 of 8 949 words [ - + 110% 67.F 10:11 AM Q Search W 200m 0 Partly sunny 2/10/2023