Macro Economics

1. Changes in gross domestic product of Maldives during the past 10 years.(10 marks) Real gross domestic product growth| | 2000| 2001| 2002| 2003| 2004| 2005| 2006| 2007| 4.8%| 3.5%| 6.5%| 8.5%| 9.5%| -4.6%| 18%| 7.2%| 2008| 2009| 2010| 2011*| | | | | 6.2%| -4.8%| 8%| 6%| | | | | *Estimate|  | 2005| 2006| 2007| 2008|  |  |  |  | Rev.Est. | meat receipts and grants | 34.7| 33.4| 23| 2.5| Total revenue | 13| 39.6| 23.5| 10.3| impose | 4.6| 37.6| 22.6| 16.8| Nontax | 20.6| 41.2| 25.1| 5| Grants 1/ | 1,031.10| 5.2| 20.4| -46.6| Expenditure and assoil lending | 57.9| 22.8| 18| 19.4| Current expenditure | 66.5| 20.8| 17| 21.1| detonating device expenditure | 14.2| 28.8| 21| 14.4| Net lending 2/ | -40.1| 0.3| 5.4| 40.2| overall deficit | 561.6| -24| -20.7| 222.6|  |  |  |  |  | unconnected financing | -41.8| 125.2| 16.2| 0.3| Domestic financing | -429.4| -67.3| -94.5| 9,587.00| leave out in gross domestic produc t in 2007 spheric fi nancial crisis which erupted in mature fi nancial markets in mid(prenominal) 2007 drop in gross domestic product in 2008 The Maldivian economy keep to expand although growth decelerated to 5.8 luck in 2008 from 7.2 percent in 2007, largely receivable to the slowdown in the tourism sector (which accounts for nigh trinity of GDP) in the latter half of the year (Table 2 and chart 2). The fi sheries sector experienced a reduction in twain total fi sh catch and the volume of fi sh exportations during 2008. However, due to favourable globose tuna prices during the year, there was an increase in total fi sh export earnings.\ Meanwhile, the lower in share of total revenue and grants as a symmetry to GDP from 48 percent of GDP in 2007 to 56 percent of GDP in 2008 refl ecting the impregnable decline in disbursements of contrary grants and the decline in restore lease rent, also contributed to the declination of the fi scal defi cit i n 2008 The impact of the trade good pric! e boom,...If you want to take aim a honest essay, order it on our website: BestEssayCheap.com

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