1) Assume that Consumption decreases by $25 million, Investment increases by $10 million, Government Purchases increase by $60 million, Exports decrease by $30 million and Imports decrease by $55 million. What is the net change in GDP in $million?
Hint: enter your answer without a $ sign and in terms of the number of millions
Example: if the answer is $45 million, enter 45
2) Assume that Croatia's GDP per capita in 2014 is $20,000 and their GDP per capita is growing at a 5% rate and will CONTINUEarrow-10x10.png to grow at a 5% rate in perpetuity. What will Croatia's GDP per capita be in 2042?
Hint: enter your answer without a comma or $ sign
Example: if the answer is $50,000, enter 50000