Macro Economics

1. Changes in gross municipal product of Maldives during the past 10 years.(10 marks) Real GDP harvest-tide| | 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 tax and grants | 34.7| 33.4| 23| 2.5| Total tax 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 wage lending | 57.9| 22.8| 18| 19.4| up-to-date expenditure | 66.5| 20.8| 17| 21.1| neat expenditure | 14.2| 28.8| 21| 14.4| benefit lending 2/ | -40.1| 0.3| 5.4| 40.2| boilers suit deficit | 561.6| -24| -20.7| 222.6|  |  |  |  |  | unconnected finance | -41.8| 125.2| 16.2| 0.3| Domestic financing | -429.4| -67.3| -94.5| 9,587.00| liquidate in gross home(prenominal) product in 2007 spherical fi nancial crisis which erupted in mature fi nancial markets in mid(prenominal) 2007 drop in gross domestic product in 2008 The Maldivian economy come about to expand although growth decelerated to 5.8 luck in 2008 from 7.

2 pct in 2007, largely due to the slowdown in the tourism sector (which accounts for nigh(a) one-third of GDP) in the last mentioned half of the year (Table 2 and Chart 2). The fi sheries sector go through a reduction in both conglomeration fi sh catch and the good deal of fi sh exports during 2008. However, due to favourable global tuna prices during the year, there was an enlarge in total fi sh export earnings. Meanwhile, the turn down in share of total revenue and grants as a isotropy to GDP from 48 percentage of GDP in 2007 to 56 percent of GDP in 2008 refl ecting the considerable decline in disbursements of strange grants and the decline in repair lease rent, also contributed to the line of descent of the fi scal defi cit in 2008 The impact of the commodity price boom,...If you want to acquire aim a safe essay, order it on our website: Orderessay

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