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The following series of questions refers to the data provided below. Use the numbers as shown in your calculations (don't add O's). Round to the
The following series of questions refers to the data provided below. Use the numbers as shown in your calculations (don't add O's). Round to the nearest whole number. CONSUMPTION GOVERNMENT EXPENDITURE INVESTMENT EXPORTS IMPORTS GDP (USS) POP Turkey Talwan 1950 2000 1950 2000 33,039 316,001 6,040 237,461 2,480 78,042 1,844 48,665 2.954 96,468 736 81.564 4,616 54,840 988 ? ? 88,352 1,375 ? 38,464 456.999 8,233 371,433 20,974 66,835 8.255 21.777 Dollar figures above are in millions of constant 1996 dollars. That is, the base year is 1996 and they are real values. 1.25 400,000 10.00 425 15% 7% 4% 12,584 ? 4953 13,066 CPI Unemployment Rate Labor Force 12% A. (2 points) What were Turkey's Imports in 1950 $ B. (2 points) If there were 40,402 people employed in Turkey in 2000, what was the labor force? people C. (2 points) If 80% of the population were of working age, what was the participation rate in Taiwan in 2000? % D. (2 points) Using the CPI numbers for Turkey (no that is not a typo), if an average household had an income of 500 Turkish Lira in 1950, what would the equivalent income in Lira be in 2000 to maintain the same purchasing power? $ E. (2 points) What was the level of net exports in Taiwan in 2000? $
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