The Gross Domestic Product of Bahrain - Economics Assignment Help

Assignment Task:

Task:

Part I

Problems solving (11 marks)

1. Given the above data, determine the gross domestic product of Bahrain at each year. Explain the method used. (3 marks)

2. As a consultant, do you think it is possible to find out the value of Bahrain’s net exports at the year 2016 given the above information? If yes, what is the value of
net exports and what does it reflect? (2 marks)

3. What is the value of Bahrain’s real production (Real GDP) in the years 2017 and
2018? (1 mark)

4. Calculate the growth rates of Bahrain's nominal GDP and real GDP? (2 marks)

5. What is the level of unemployment in Bahrain during 2018? (1 mark)

6. In 2017, what is the level of inflation in Bahrain? What does it indicate? (2 marks)

Part II

Essay question (9 marks)

Write a short report (max 500 words) analysing the above data of Bahrain’s economy over the period 2014 – 2018. The report must include the following (9 marks)
? The differences between the nominal and real gross domestic product of Bahrain.
? What does the growth in both nominal and real GDP reflect?

? Between 2016 and 2018, which phase of business cycle best describes Bahrain’s economy? What happens to the level of output, income, employment and unemployment?
? Explain the possible events that have resulted in lower output and negative growth in Bahrain’s GDP during specific years.
? Interpretation of GDP per capita values.
? The main effect of inflation rates over the citizens of Bahrain.

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