Macro-Economics questions..
1)
\fMacroeconomics Indicators of the Kingdom of Bahrain You are a consultant at the Economic Development Board. Given the following macro data for Bahrain's economy over the period 2014 -2018, answer the below questions. Variable 2014 2015 2016 2017 2018 Net foreign direct investment ( millions of current BHD 2,962.69 3,328.87 3,541.35 3,849.29 4.276.99 Household final consumption expenditure (millions of current BHD) 5.083.84 5,312.25 5.448.56 5,596.35 5,605.00 Exports of goods and services (millions of current BHD) 12,058.00 9,702.80 10,107.60 11,264.60 General government final expenditure (millions of current BHD) 2,024.33 2,064.76 2,073.93 2,217.66 2,310.75 Statistical discrepancy (millions of current BHD) 257.23 282.96 GDP (millions of constant 2010 BHD) 11,567.97 10,589.49 Inflation, consumer prices (annual %) 2.6 1.8 2.8 2.1 Gross Fixed Capital Investments (millions of current BHD) 3.370.01 3,009.01 3.539.26 4,375.18 5.147.29 Imports of goods and services (millions of 9.982.40 Current BHD) 8,385.50 7,929.10 8.977.50 10.170.30 Consumer price index (2010 = 100) 108.5 110.5 115.2 117.6 GDP per capita (constant 2010 BHD) 8,421 8,436 8,399 8,320 8.076 Labor force, total 758,359 777.895 817,831 869,405 926.959 Population ages 0-15, total 276,233 286,027 290.718 296.447 302,185 Population ages 15-64, total 1,029,181 1,053,939 1,101,674 1,162,183 1,229,175 Population ages over 64, total 30.661 31,885 33.399 35.444 38.079 Population, total 1,336,075 1,371,851 1,425,791 1,494.074 1,569,439 GDP (millions of current BHD) 12,126.05 Unemployment (% of total labor force) 3.9 3.6 3.3 3.02 Employment (% of total labor force) 97.1 GDP growth (annual %) RGDP growth (annual %)Macroeconomics Indicators of the Kingdom of Bahrain You are a consultant at the Economic Development Board. Given the following macro data for Bahrain's economy over the period 2014 -2018, answer the below questions. Variable 2014 2015 2016 2017 2018 Net foreign direct investment ( millions of current BHD 2,962.69 3,328.87 3,541.35 3,849.29 4.276.99 Household final consumption expenditure (millions of current BHD) 5.083.84 5,312.25 5.448.56 5,596.35 5,605.00 Exports of goods and services (millions of current BHD) 12,058.00 9,702.80 10,107.60 11,264.60 General government final expenditure (millions of current BHD) 2,024.33 2,064.76 2,073.93 2,217.66 2,310.75 Statistical discrepancy (millions of current BHD) 257.23 282.96 GDP (millions of constant 2010 BHD) 11,567.97 10,589.49 Inflation, consumer prices (annual %) 2.6 1.8 2.8 2.1 Gross Fixed Capital Investments (millions of current BHD) 3.370.01 3,009.01 3.539.26 4,375.18 5.147.29 Imports of goods and services (millions of 9.982.40 Current BHD) 8,385.50 7,929.10 8.977.50 10.170.30 Consumer price index (2010 = 100) 108.5 110.5 115.2 117.6 GDP per capita (constant 2010 BHD) 8,421 8,436 8,399 8,320 8.076 Labor force, total 758,359 777.895 817,831 869,405 926.959 Population ages 0-15, total 276,233 286,027 290.718 296.447 302,185 Population ages 15-64, total 1,029,181 1,053,939 1,101,674 1,162,183 1,229,175 Population ages over 64, total 30.661 31,885 33.399 35.444 38.079 Population, total 1,336,075 1,371,851 1,425,791 1,494.074 1,569,439 GDP (millions of current BHD) 12,126.05 Unemployment (% of total labor force) 3.9 3.6 3.3 3.02 Employment (% of total labor force) 97.1 GDP growth (annual %) RGDP growth (annual %)Part I Problems solving (11 marks) 1. Given the above data, determine the gross domestic product of Bahrain at each year. Explain the method used. (3 marks) 2. As a consultant, do you think it is possible to find out the value of Bahrain's net exports at the year 2016 given the above information? If yes, what is the value of net exports and what does it reflect? (2 marks) 3. What is the value of Bahrain's real production (Real GDP) in the years 2017 and 2018? (1 mark) 4. Calculate the growth rates of Bahrain's nominal GDP and real GDP? (2 marks) 5. What is the level of unemployment in Bahrain during 2018? (1 mark) 6. In 2017, what is the level of inflation in Bahrain? What does it indicate? (2 marks)Part I Problems solving (11 marks) 1. Given the above data, determine the gross domestic product of Bahrain at each year. Explain the method used. (3 marks) 2. As a consultant, do you think it is possible to find out the value of Bahrain's net exports at the year 2016 given the above information? If yes, what is the value of net exports and what does it reflect? (2 marks) 3. What is the value of Bahrain's real production (Real GDP) in the years 2017 and 2018? (1 mark) 4. Calculate the growth rates of Bahrain's nominal GDP and real GDP? (2 marks) 5. What is the level of unemployment in Bahrain during 2018? (1 mark) 6. In 2017, what is the level of inflation in Bahrain? What does it indicate? (2 marks)
