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Exercise 20 - 20c2

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Exercise 20 - 20c2

Uploaded by

Hương Ngọc
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© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
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EXERCISE

1. How does each of following transactions


affect (if any) components of Vietnam GDP
in accordance with expenditure approach?
Explain.
a. Your family buys a refrigerator named
Deawoo manufactured in Vietnam
b. Your family buys a newly-built house of 3
storeys
c. Ford company in Vietnam sells a car
named Laser from the inventory
EXERCISE
d. You buy a cake branded Kinh Do
e. Hanoi Capital changes the system of light on
the occasion of ASEM-V conference
f. Honda has just expanded its factory in Binh
Dinh
g. Government increases unemployment benefit
for the unemployed
EXERCISE
2. Assume that in 2006, Vietnam economy had
following data: GDP = 20.000; G = 5500; C =
4000; NX = 500. Unit of measurement is billion
VND
a. Find the value of investment in 2006
b. Assume that exports in 2006 reached 6000
billions VND. Find imports.
c. If GDPr 2006 calculated by the price in 1994
was 15.000 billions VND . Find DGDP.
EXERCISE
d. If GDPn 2006 was 15% greater than GDP of
previous year and DGDP 2005 was 120. Find the
economic growth rate in 2006.
EXERCISE
3. Assume that in 2010, Vietnam produced only
rice, fishes, clothes and motorbikes. In base
year 2010, we had the following data:

Yield Price

Rice 10.000 tons 5.000VND/kg

Fishes 8.000 tons 30.000VND/kg

Clothes 2.000 pieces 100.000 VND/piece

Motorbikes 1000 motorbikes 8.000.000VND/ motorbike


EXERCISE
 In the current year of 2013, Vietnam’s yield
and its prices as following:

Rice 12.000 tons 10.000VND/kg

Fishes 9.000 tons 25.000VND/kg

Clothes 5.000 pieces 150.000VND/pieces

Motorbikes 700 motorbikes 5.000.000VND/motorbike


EXERCISE
a. Find GDPn in base year and current year
b. Find GDPr in base year and current year
Calculate the growth rate of GDPr in base
year compared to current year
c. Find DGDP in base year and current year. How
many percentage did DGDP increase or
decrease compared to base year?
d. Give reason(s) for the growth rate of GDPn in
current year compared to base year.
EXERCISE
4. How do following events affect CPI and DGDP?
a. An increase of 20% in Login watch’s price
b. An increase of 20% in imported motorbike’s
price
c. An increase of 10% in crude oil’s price
d. Bird flu caused a rise of 10% in food’s price
EXERCISE
5. In 2010, Vietnam economy had statistic data
as following:

Total investment 150 Consumption 200


Net investment 50 Government purchases 100

Wage 230 Interest 25

Rent 35 Indirect tax 50

Profit 60 Net Factor Income from -50


abroad
Exports 100 Price index in 2009 120

Imports 50 Price index in 2010 150


EXERCISE
a. Find GDPn in 2010 by expenditure approach
and income approach
b. Find GNP in 2010
c. Find GNPr and the inflation rate in 2010

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