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EXERCISES SET SPANISH ECONOMY, GROUP E EXERCISE 1 VARIABLES 2010 2015 Labour Productivity (thousand euros per occupied) 54

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EXERCISES SET

SPANISH ECONOMY, GROUP E

EXERCISE 1

VARIABLES	2010	2015
Labour Productivity (thousand euros per occupied)	54.4	57.7
Total Population (thousands)	47,215	47,901
Employment rate (occupied/population in age of work in %)	49.2	62.6
Population in age of work / Total Population (in %)	67.5	68.0
GDP (thousand million euros)	731.4	932.7

 

a) Calculate the real GDP per capita by decomposing it for the years 2010 and 2015, indicating the units in which it is expressed.

b) Between 2010 and 2015, GDP per capita growth was due equally to productivity improvements and increases in the employment rate: true or false?

EXERCISE 2

Using the information regarding the GAV at constant prices of year 2005 for the three main sectors in the economy for years 2009 and 2010, calculate the contribution from each sector to the growth of the total GAV, both in the aggregate rate of growth and in relative terms (as a percentage of the total rate of growth).

	2009	2010
Primary Sector	24,137	24,521
Secondary Sector	142,877	147,987
Services	301,002	307,143
Total	468,016	479,651

 

EXERCISE 3

With the information on the Spanish manufacturing sector provided in the table: obtain the unit labour cost and explain to what extent its variation between 1995-2010 and 2010- 2017 has been determined by the evolution of nominal wage and by labour productivity.

Variables	1995	2010	2017
Compensation of wage earners (millions)	45,579.0	78,340.0	78,198.0
Wage earners (thousands)	2,233.0	2,195.2	2,053.1
Total Employment (thousands)	2,401.3	2,300.5	2,159.6
Gross Value Added (constant prices)	103,441.8	131,436.0	143,807,9

 

EXERCISE 4

The following data are known for a country in mill. €:

Exports from the automobile industry: 1,211

Exports from the computer components industry: 2,741

Imports from the automobile industry: 1,621

Imports from the textile industry: 1,003

a) Calculate and comment on the results obtained

• Relative balance of the automobile and computer components industry
• Intra-industry trade index of the automobile and computer components sector.

b) If the country's GDP were 51,191,000,000 and these two were the only two sectors, what would be the degree of trade openness?

EXERCISE 5

The labour market of a given economy provides us with the following information for

2017:

• Working age population (thousands): 27,855
• Employed population (thousands): 13,125
• Activity rate: 61%.

The growth rates for 2017 and 2018 are as follows:

• Growth rate of the potentially active population: 0.45%.
• Unemployed population growth rate: 0.91%.
• Growth rate of the active population: 1%.

Calculate the employment rate for 2018.

EXERCISE 6

Based on the following data on the labour market in 2010, calculate:

a) A replacement rate indicator

b) An indicator for the eventuality or temporary employment

c) An indicator of the unemployment rate

d) An indicator of non-wage labour costs

Variable	Value
Average monthly earnings per employee	184,197
Average unemployment benefit	131,133
Number of temporary employed persons	4,645,102
Working population	13,514,325
Active population	15,562,523
Mandatory Social Security Contributions	31,021

 

EXERCISE 7

Using the following information, calculate the effect on the activity rate of a law setting the minimum working age at 25 and the compulsory retirement age at 65. What would happen to the activity rate?

	Age Groups
	16-19	20-24	25-34	35-54	>55	Total
Activity Rate (%)	21.8	61.2	75.8	68.3	20.2	49.3
Working age population (thousands)	2,824.4	3,640.6	5,453.9	12,003.4	11,687.6	35,609.9