Economics – Production and Price Statistics for 2022

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Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022. (5 Marks)
 Production and Price Statistics for 2022
Product
Mineral Fuels (petrol) Plastics
Aluminum
Honey
Wheat
Bicycle
Tires of bicycle Furniture Wood
Quantity
400 barrels 7000 mils 499 ft3 860 kg 677 kg 350 pcs 440 pcs 560 pcs 1095 pcs
Price per unit in 2022 (In Riyals)
80 2.50 30 90 2.50 190 3.50 2500 25
Market value in 2022
Price per unit in 2020 (In Riyals)
50 3.15 25 65 1.00 125 2.10 2000 13.70
a. Complete the fourth column (market value) of the above table.
b. Identify final and intermediate goods.
c. Calculate Saudi Arabia’s nominal GDP in 2022.
d. Calculate Saudi Arabia’s real GDP in 2022.

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Answer the following questions from the given Table below which contains data for Saudi Arabia for the year 2022. (5 Marks)  Production and Price Statistics for 2022 Product Mineral Fuels (petrol) Plastics Aluminum Honey Wheat Bicycle Tires of bicycle Furniture Wood Quantity 400 barrels 7000 mils 499 ft3 860 kg 677 kg 350 pcs 440 pcs 560 pcs 1095 pcs Price per unit in 2022 (In Riyals) 80 2.50 30 90 2.50 190 3.50 2500 25 Market value in 2022 Price per unit in 2020 (In Riyals) 50 3.15 25 65 1.00 125 2.10 2000 13.70 a. Complete the fourth column (market value) of the above table. b. Identify final and intermediate goods. c. Calculate Saudi Arabia’s nominal GDP in 2022. d. Calculate Saudi Arabia’s real GDP in 2022. Can credencewriters.com writers can write my paper ? Yes, credencewriters.com writers are capable of writing papers in a variety of formats, including APA, MLA, Harvard, Chicago, and IEEE. Each format has its own specific guidelines for formatting, referencing, and citation. APA format is commonly used in social sciences and emphasizes the use of in-text citations, a reference page, and a running head. For example, a paper in APA format might include the following elements: Title page: includes the title of the paper, the author’s name, and the institutional affiliation. Abstract: a brief summary of the paper’s main points. Introduction: provides background information and sets the stage for the paper. Methodology: describes the methods used to conduct research. Results: presents the findings of the research. Discussion: analyzes the results and draws conclusions. References: a list of all sources cited in the paper, formatted according to APA guidelines. MLA format is commonly used in humanities and emphasizes the use of parenthetical citations, a works cited page, and double spacing. For example, a paper in MLA format might include the following elements: Title page: includes the title of the paper and the author’s name. Introduction: provides background information and sets the stage for the paper. Body: presents the main arguments and evidence supporting the paper’s thesis. Works Cited: a list of all sources cited in the paper, formatted according to MLA guidelines. Harvard format is commonly used in the arts and humanities, and emphasizes the use of footnotes and endnotes for citations. For example, a paper in Harvard format might include the following elements: Title page: includes the title of the paper, the author’s name, and the date. Introduction: provides background information and sets the stage for the paper. Body: presents the main arguments and evidence supporting the paper’s thesis. Conclusion: summarizes the main points of the paper and draws conclusions. Bibliography: a list of all sources consulted, formatted according to Harvard guidelines. Chicago format is commonly used in history and emphasizes the use of footnotes and bibliographies. For example, a paper in Chicago format might include the following elements: Title page: includes the title of the paper, the author’s name, and the date. Introduction: provides background information and sets the stage for the paper. Body: presents the main arguments and evidence supporting the paper’s thesis. Footnotes: provides additional information and citations. Bibliography: a list of all sources cited in the paper, formatted according to Chicago guidelines. IEEE format is commonly used in engineering and emphasizes the use of in- text citations and references. For example, a paper in IEEE format might include the following elements: Title page: includes the title of the paper, the author’s name, and the date. Abstract: a brief summary of the paper’s main points. Introduction: provides background information and sets the stage for the paper. Methodology: describes the methods used to conduct research. Results: presents the findings of the research. Conclusion: summarizes the main points of the paper and drawsconclusions. References: a list of all sources cited in the paper, formatted according to IEEE guidelines. By choosing credencewriters.com, you can be confident that your paper will be written in the format you need, with the necessary attention to detail and accuracy.

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