Answer Happy

This question requires you to access the economic data for Hong Kong from the International Monetary Fund (IMF). Please follow the instruction below: Instruction for Obtaining the data from the IMF Go to: IMF web-site (www.imf.org) Data World Economic Outlook Database (use the version of October 2021) choose "By Countries (country-level data)"; choose "All countries"; click "clear all" and then choose "Hong Kong SAR"; click "Continue" choose the following Macro-data items (subjects): I. Gross domestic product per capita, constant prices (national currency)" II. Inflation, average consumer prices (percent change)" III. Unemployment rate (percentage of labour force)" click "Continue" choose year (from 2007 to 2021) under data range then click "Prepare Report" and the data will be shown on the screen click "Download Report" on the page to download the data in excel file Majority of data collected is shown in the table below. Use the data collected to answer this question. ANETTONETA 介介介介介介介 介介介介 AL CIND
Statistics Units 2006 $ GDP per capita, constant prices % Inflation, average consumer prices Unemployment rate % Statistics GDP per capita, constant prices Inflation, average consumer prices Unemployment rate a. b. C. d. e. 2007 2008 2009 2010 2011 2012 2013 293,436 310,871 316,323 307,111 325,306 338,215 341,016 349,647 2 2.035 4.303 0.579 2.293 5.305 4.054 4.338 4.79 4.011 3.519 5.262 4.329 3.421 3.286 3,401 Units 2014 2015 2016 2017 2018 2019 2020 2021 S 357,225 362,913 367,399 379,475 X 378,226 359,647 380,584 % 4.424 2.99 2.409 1.494 2.406 Y 0.251 1.9 % 3.296 3.315 3.393 3.127 2.815 2.932 Z Find the value of X, Y and Z. (3 marks) If the average CPI in 2017 is 94.55, find the average CPI in 2016. Show your calculation. (2 marks) If economic recession is defined as the fall in the real GDP per capita, in which years, Hong Kong experienced economic recession? What caused each of the economic recession? (4 marks) Based on the data collected in this question, determine which recession brought more serious impacts to Hong Kong economy. Provide evidence to support your answer. (4 marks) If the government launches the new round of consumption voucher scheme by giving out $10,000 to all eligible Hong Kong citizens, predict how GDP per capita in 2022, inflation rate in 2022 and unemployment rate in 2022 and the long run economic growth changes in Hong Kong. Briefly explain your answer. (7 marks) 5.637