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 gross 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 illuminate lending | 57.9| 22.8| 18| 19.4| Current expenditure | 66.5| 20.8| 17| 21.1| uppercase expenditure | 14.2| 28.8| 21| 14.4| Net lending 2/ | -40.1| 0.3| 5.4| 40.2| boilers suit 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| cancel in gross domestic product in 2 007 globose 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 role in 2008 from 7.

2 percent in 2007, largely due(p) to the slowdown in the tourism sector (which accounts for nigh third base of GDP) in the latter half of the year (Table 2 and graph 2). The fi sheries sector experienced a reduction in two total fi sh catch and the volume of fi sh exportings during 2008. However, due to favourable international 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 pregnant decline in disbursements of contrary grants and the decline in fixing lease rent, also contributed to the declination of the fi scal defi cit in 2008 The impact of the commodity price boom,...If you want to take aim a amply essay, order it on our website: BestEssayCheap.com

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