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Suppose You Are Given the Following Information About Country A

question 98

Essay

Suppose you are given the following information about Country A: Suppose you are given the following information about Country A:     (A)Calculate Country A's GDP.  (B)Which of the three approaches did you use to calculate GDP? Explain what information you would need to calculate GDP using the other two approaches. (C)Calculate national saving. (D)Calculate private saving.
(A)Calculate Country A's GDP.
(B)Which of the three approaches did you use to calculate GDP? Explain what information you would need to calculate GDP using the other two approaches.
(C)Calculate national saving.
(D)Calculate private saving.


Definitions:

Forward Trade

A financial contract agreement to buy or sell an asset at a future date at a predetermined price.

Currency Exchange

The process of converting one currency into another currency.

Spot Exchange Rate

The current price at which one currency can be exchanged for another for immediate delivery.

Spot Trade

A transaction that involves the immediate exchange of one currency or commodity for another, settling immediately or within a short period.

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