gdp for different countries and the factors

1. GDP: Calculate the values that will fill in the blanks in the shaded areas of the table below (please note that you do not need to reproduce this table, just provide the values and identify them clearly):

2-Based on the information in the table and your calculations for Question #1:

Do any countries have positive net exports? __________________ Which one(s)? _____________________________________________________

Which country has the largest negative net exports? ____________________________________

Suppose that one of the countries in the table above asks for your advice about trade. Policymakers in the country want information about the impact of trade on GDP and whether they should be concerned about negative (or positive) net exports. How would you respond?

3-Economic growth: Based on information from the World Bank, in 2018, GDP per capita was $62,641.0 in the United States and $77,449.7 in Ireland – very similar values (and relatively high values compared to many countries). But, the annual rate of GDP growth averages 2.2% in the United States and 5.6% in Ireland.

4- Would you predict the United States or Ireland to have a more rapid increase in the standard of living in the long run? _________________

5-The United Nations Human Development Index (HDI) uses information about a countryâ€s life expectancy at birth (health), expected years of schooling and mean years of schooling (education), and Gross National Income per capita (standard of living) to create a measure that ranges from 1 (very high) to 0 (very low). For 2017, the United States had a value of 0.924, compared to 0.926 for Canada and 0.922 for the United Kingdom – very similar values.

Based on this information, suppose a developing country (such as Afghanistan and Haiti which each had a value of 0.498) asks for your advice on which country it should try to emulate in order to increase its level of development and economic growth. Which country would you choose? Explain what additional information about each country would be important to making this assessment.3-

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