Question
Present the three-sector model from Marthinsen: Financial Sector, Goods and Services Sector, and Foreign Exchange Sector,...
- Present the three-sector model from Marthinsen: Financial Sector, Goods and Services Sector, and Foreign Exchange Sector, Fill in each sector with current information and data.
Homework Answers
Answer #1
The three-sector model from Marthinsen: Financial Sector, Goods and Services Sector, and Foreign Exchange Sector are as follows:
-
Goods & Services Market:
Current dollar (Money) GDP is $21200 billion in 2019
Constant dollar (Real) GDP is $19221.97 billion
IPD = (21200/19221.97) * 100 = 110.2905
The overall rate of inflation since the base year, 2009 is 10.3% in 2019
The current rate of inflation of 0.1% in May
The current real rate of economic growth -5.0% in Q1, 2020
The unemployment rate, May 2020 13.3%
Stock market indices over the past year
DJIA -4% (June 2020 vs June 2019)
Nasdaq +20% (June 2020 vs June2019)
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Financial/Real Loanable Funds Market:
The discount rate is 0.25% as of June 26, 2020
Effective Federal Funds Rate is at 0.08% as of June 26, 2020
M1 growth rate is 12.90648% in Apr 2020
M2 growth rate is 24.33% in Apr 2020
As of May 1, 2020 , national debt is $24.95 trillion
Federal Budget deficit expected $4 trillion in 2020
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Foreign exchange market:
As of June 26,2020:
AUD/US $ = 1.4583
GBP/US $ = 0.8137
CNY/US $ = 7.071
INR/US $ = 75.508
EURO/US $ = 0.8891
CAD/ US $ = 1.3682
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