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need help and explanation. last column is united states and numbers are 2.22, 2.39, 0.96 and 0.95 from top to bottom Australia Belgium Brazil Colombia

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need help and explanation. last column is united states and numbers are 2.22, 2.39, 0.96 and 0.95 from top to bottom

image text in transcribed
Australia Belgium Brazil Colombia France Japan Unit Year Stat GDP growth 2013 2.44 0.02 2.74 4.94 0.66 1.61 (annual %) 2014 2.50 1.35 0.14 4.55 0.18 -0.10 Population 2013 1.89 0.53 1.23 1.35 0.73 0.46 growth (annual %) 2014 1.72 0.42 1. 19 1.31 0.72 0.41 . In 2018 there were three firms in an economy: A, B, and C. Firm A buys $500 worth of goods from firm B and $250 worth of goods from firm C and produces 200 units of output, which it sells at $15 per unit. Firm B buys $300 worth of goods from fin A and a $250 worth of goods from film C, and produces 300 units of output, which it sells at $5 per unit. Firm C buys $250 worth of goods from firm A and nothing from firm B. It produces output worth $1,000. All other products are sold to consumers (10pts). Calculate nominal GDP for this economy. What approach are you using? Show your calculations. In 2019 we know that nominal GDP grew 3% with respect to 2018. What is the nominal GDP of 2019? If a value-added tax (a tax on the total value added of each firm) of 10 percent is introduced, how much revenue will the government get? How much would the government get if it introduced a 10% sales tax on final output? How much would the government get if it introduced a 10% income tax on final output? . You have been hired as a research assistant and are given the following data: Compensation to employees $1300 Consumption 1500 Exports 100 Net foreign factor income 50 Government spending 200 Investment 300 Imports 50 Interest 40 Profit Rent 10 Net investment 70 Calculate GNP and GDP Calculate the Aggregate Income of this economy . . What is the equalizing income? What is their value? What is the depreciation in this year? What is NDP

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