Answer Happy

Statistics Units 2006 2007 2008 2009 2010 2011 2012 2013 GDP per
capita, constant prices $ 293,436 310,871 316,323 307,111 325,306
338,215 341,016 349,647 Inflation, average consumer prices % 2
2.035 4.303 0.579 2.293 5.305 4.054 4.338 Unemployment rate % 4.79
4.011 3.519 5.262 4.329 3.421 3.286 3.401 Statistics Units 2014
2015 2016 2017 2018 2019 2020 2021 GDP per capita, constant prices
$ 357,225 362,913 367,399 379,475 X 378,226 359,647 380,584
Inflation, average consumer prices % 4.424 2.991 2.409 1.494 2.406
Y 0.251 1.9 Unemployment rate % 3.296 3.315 3.393 3.127 2.815 2.932
Z 5.637 a. Find the value of X, Y and Z. (3 marks) b. If the
average CPI in 2017 is 94.55, find the average CPI in 2016. Show
your calculation. (2 marks) c. 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) d. 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) e. 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)
Statistics Units S 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. 2006 2007 2008 2009 2010 2011 2012 293,436 310,871 316,323 307,111 325,306 338,215 341,016 2 2.035 4.303 0.579 2.293 5.305 4.054 4.79 4.011 3.519 5.262 4.329 3.421 3.286 Units 2014 2016 2017 2018 2019 2020 2015 357,225 362,913 367,399 379,475 X 378,226 359,647 $ % 4.424 2.991 2.409 1.494 2.406 Y 0.251 % 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) 2013 349,647 4.338 3.401 2021 380,584 1.9 5.637