1. Calculate the per capita value for each situation to two decimal places.a)Number of new cars sold in Ontario in 2017: 312 000. Number of Ontario drivers: 1 200 00b) Gross federal government debt in 2017: $618 790 000 000.Canada's population: 33 100 00Gini Index for Ontario, 1995–20052. The graph shows the Gini Index for Ontario,50which is a measure between 0 and 100 of the45degree of inequality in the distribution of40.039.639 24037.738.2income. A Gini Index of close to 0 indicates39.139.239.435that most members of the population receiveclose to the same income. A Gini Index ofclose to 100 indicates that a few people inthe population receive most of the income.2520a) By what factor has the index changed from3 151995 to 2005?101994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006Yearb) What was the percent change in the GiniIndex from 1995 to 2004°3. A study stated that 85% of Canadian college graduates 22 to 24 years of age are employedwhile 80% of Canadian university graduates 22 to 24 years of age are employed. Does thisrepresent descriptive or inferential statistics? Explain.Gini Index for After-Tax Income

Since all are different questions, we will answer the first one only. Please resubmit the other…

Answered: 1. Calculate the per capita value for…

Brief Principles of Macroeconomics (MindTap Course List)

8th Edition

ISBN:9781337091985

Author:N. Gregory Mankiw

Publisher:N. Gregory Mankiw

Chapter5: Measuring A Nation's Income

Section: Chapter Questions

Problem 12PA

See similar textbooks

Similar questions

Muintiie oT 1st 3rd 2nd 4th Population Quintile's % of Income, Ecuador, 2000 Quintile's % of Income, Ecuador, 2010 Quintile's % of Income, United States, 2010 Sth 7 11 18 61 9. 12 21 54 10 14 20 51 United States data from the Congressional Budget Office at CBO.gov Before-tax income, rounded to whole s. Data for other countries from WorldBank.org, rounded to whole %s. Report your answers to two decimal places. According to these data, the Gini coefficient for Ecuador in 2000 is 0.48 The Gini coefficient for Ecuador in 2010 is 0.44 These Gini coefficients indicate that in Ecuador, the income distribution was in 2000 compared to 2010. In 2010, the income distribution was in the United States compared to Ecuador. 3.
Consider the following economy below in 2010 and 2020. Assume that the interest rate on the debt is 20%. What is the interest payment on the debt in 2010? a b C Selected answer will be automatically saved. For keyboard navigation, press up/down arrow keys to select an answer. d 200 300 400 Year 500 Nominal Debt Nominal GDP Price Level/GDP Deflator 2010 1000 4000 100 2020 2500 8000 150
The tables show the spending and revenue for Littleland in 2010. Use the tables and other information to answer the questions Spending category education welfare and Social Security health care defense payments on debt other Value (millions) $320 $890 $270 $120 $170* $%240 Revenue categoryValue (millions) ncome tax sales tax corporate tax social insurance $800 $270 $300 $340 GDP in 2010: $7.3 billion Total debt as of 2009: S3.5 billior *This payment covers total interest owed only How much money in millions did Littleland need to borrow in 2010 to finance its government spending? What was Littleland's deficit to GDP ratio in 2010? Give your answer to the nearest whole percentage point. At the end of 2010, what was Littleland's debt to GDP ratio? Give your answer to the nearest whole percentage point.
15 Cumulative % of Population Cumulative % of Income, 20 40 60 80 100 21 37 58 100 Bangladesh, 2010 Cumulative % of Income, 6. 18 35 58 100 Spain, 2010 Cumulative % of Income, 29 49 100 United States, 2010 United States data from the Congressional Budget Office at CBO.gov. Before-tax Income, rounded to whole %s. Data for other countries from WorldBank.org. rounded to whole %s. Report your answers to two decimal places. According to these data, the Gini coefficient for Bangladesh in 2010 is The Gini coefficient for Spain in 2010 is in Bangladesh compared to Spain. These Gini coefficients indicate that in 2010, the income distribution was more equal In 2010, the income distribution was more unequal in the United States compared to Bangladesh.
E. Use the following data to calculate Jamaica's GDP. Use the INCOME approach. Items Indirect Business Taxes Corporate Profit Proprietor's Income Rent and Interest Earned Capital Consumption US (Billion) 198 251 123 148 94 (4 marks) 4
Using the following information provided in the table below, calculate the Gini-coefficient for Algura. Population 10 32 15 Income per month per person 2000 96000 1500 Total Population 57 57 57
Why do you suppose that U.S. GDP is so much higher today than 50 or 100 years ago?
U.S. DEPARTMENT OF COMMERCE BUREAU OF THE CENSUS WASHINGTON, DC 38233-2004 OFFICE OF THE DIRECTOR March 13, 2000 To all households: This is your official form for the United States Census 2000. It is used to count every person living in this house or apartment - people of all ages, citizens and non-citizens. United States Census 2000 Your answers are important. First, the number of representatives each state has in Congress depends on the number of people living in the state. The second reason may be more important to you and your community. The amount of government money your neighborhood receives depends on your answers. That money gets used for schools, employment services, housing assistance, roads, services for children and the elderly, and many other local needs. Your privacy is protected by law (Title 13 of the United States Code), which also requires that you answer these questions. That law ensures that your information is only used for statistical purposes and that no…
Briefly describe any four census-related deficiencies as sources of geographical data.
Calculate from the followig data (a) Private income (b) Personal disposable (vi) Net current transfer from rest of the world (iv) Current transfers from government administrative (v) Income from property and entrepreneurship income (c) Net national disposable income Items (7 in crores) (i) National income (ii) Savings of Private corporate sector (i) Corporation tax 3000 30 80 60 departments accruing to govt. administrative departments 150 50 (vii) Savings of non departmental enterprises (viii) Net indirect taxes (ix) Direct taxes paid by households (x) Net factor income from abroad (xi) National debt interest 40 250 100 (-)10 80
2006 2006 2011 2011 Product Quantity Price Quantity Price Movies 20 $6.00 30 $7.00 Burgers 100 $2.00 90 $2.50 Bikes 3 $1,000.00 6 $1,100.00 Use the information to calculate (a)Nominal GDP of 2011 and (b)Real GDP in the year 2011 (Assume 2006 as the base year). (c)ls it ever possible for Real GDP to be higher than Nominal GDP of any year? when? ( 1-2 LINES ONLY)
United States U.S. DEPARTMENT OF COMMERCE Census 2000 BUREAU OF THE CENSUS WASHINGTON, DC 20233-2000 OFFICE OF THE DIRECTOR March 13, 2000 To all households: This is your official form for the United States Census 2000. It is used to count every person living in this house or apartment - people of all ages, citizens and non-citizens. Your answers are important. First, the number of representatives each state has in Congress depends on the number of people living in the state. The second reason may be more important to you and your community. The amount of government money your neighborhood receives depends on your answers. That money gets used for schools, employment services, housing assistance, roads, services for children and the elderly, and many other local needs. Your privacy is protected by law (Title 13 of the United States Code), which also requires that you answer these questions. That law ensures that your information is only used for statistical purposes and that no…

SEE MORE QUESTIONS

Recommended textbooks for you

Brief Principles of Macroeconomics (MindTap Cours…

Economics

ISBN:

9781337091985

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Essentials of Economics (MindTap Course List)

Economics

ISBN:

9781337091992

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Principles of Economics 2e

Economics

ISBN:

9781947172364

Author:

Steven A. Greenlaw; David Shapiro

Publisher:

OpenStax

Brief Principles of Macroeconomics (MindTap Cours…

Economics

ISBN:

9781337091985

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Essentials of Economics (MindTap Course List)

Economics

ISBN:

9781337091992

Author:

N. Gregory Mankiw

Publisher:

Cengage Learning

Principles of Economics 2e

Economics

ISBN:

9781947172364

Author:

Steven A. Greenlaw; David Shapiro

Publisher:

OpenStax

Economics Today and Tomorrow, Student Edition

Economics

ISBN:

9780078747663

Author:

McGraw-Hill

Publisher:

Glencoe/McGraw-Hill School Pub Co

SEE MORE TEXTBOOKS

1. Calculate the per capita value for each situation to two decimal places. a)Number of new cars sold in Ontario in 2017: 312 000. Number of Ontario drivers: 1 200 00/ b) Gross federal government debt in 2017: $618 790 000 000.Canada's population: 33 100 00