Question
For a country, we have given the following figures for different variables for the year 2016 and 2016, respectively year 2020. All national accounts figures
For a country, we have given the following figures for different variables for the year 2016 and 2016, respectively
year 2020. All national accounts figures are expressed in NOK billion.
a) Calculate the following quantities:
1) the country's disposable income in 2020.
2) the country's savings in 2020.
3) the country's imports in 2016.
4) the unemployment rate expressed as a percentage of the labor force in 2020.
b) During the period, the country's authorities have had a stated target of economic growth of 8 per
cent. Suggest an appropriate goal for economic growth based on the information available in the
thesis. Discuss how well the authorities have succeeded in achieving the goal.
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