Data for Saudi Arabia for the year 2022

regards to the osmosis of pieces into lumps. Mill operator recognizes pieces and lumps of data, the differentiation being that a piece is comprised of various pieces of data. It is fascinating regards to the osmosis of pieces into lumps. Mill operator recognizes pieces and lumps of data, the differentiation being that a piece is comprised of various pieces of data. It is fascinating to take note of that while there is a limited ability to recall lumps of data, how much pieces in every one of those lumps can change broadly (Miller, 1956). Anyway it's anything but a straightforward instance of having the memorable option huge pieces right away, somewhat that as each piece turns out to be more natural, it very well may be acclimatized into a lump, which is then recollected itself. Recoding is the interaction by which individual pieces are 'recoded' and allocated to lumps. Consequently the ends that can be drawn from Miller's unique work is that, while there is an acknowledged breaking point to the quantity of pi

Sample Solution

a. The fourth column (market value) of the above table is given below: 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 32,000 17,500 14,970 77,000 1,692 65,500 1540 8750 27375 b. Final goods are those products which are consumed by the end user or consumer ,such as Mineral Fuels ,Plastics and Aluminum whereas Intermediate goods are used to produce other finished products , like tires for bicycles or Wood for furniture etc . c. To calculate Saudi Arabia’s nominal GDP in 2022 then we can use the following formula : Nominal GDP = sum of market value of all final goods + intermediate good Nominal GDP = 32000 + 17500 + 14970 + 77000 + 16920 + 65500+1540+8750+27375=112855 d. To calculate Saudi Arabia’s real GDP in 2022 then we will need to adjust for inflation using 2020 prices and quantities so that it can be compared with current year figures: Real GDP=sum of(quantity*pricein2020)/Sum of(quantity*pricein2022)*nominal GDP Real GDP=(400*50+7000*3.15+499*25+860*2...)*112855/118785)=105943.

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