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    Nguyễn Hoàng Vũ
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    The document outlines Vietnam's key economic indicators for 2020, including a GDP of $343 million, an economic growth rate of 0.3%, an unemployment rate of 2.2%, and a GDP per capita of $3,557. It also provides inflation rates for 2019 and 2020, money supply, components of GDP, and statistics related to wages, profits, and social security.

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    English topic 2

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    27212203168 - Revision 2

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    The document outlines Vietnam's key economic indicators for 2020, including a GDP of $343 million, an economic growth rate of 0.3%, an unemployment rate of 2.2%, and a GDP per capita of $3,557. It also provides inflation rates for 2019 and 2020, money supply, components of GDP, and statistics related to wages, profits, and social security.

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    © All Rights Reserved
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    6 views1 page

    Revision 2

    Uploaded by

    Nguyễn Hoàng Vũ
    The document outlines Vietnam's key economic indicators for 2020, including a GDP of $343 million, an economic growth rate of 0.3%, an unemployment rate of 2.2%, and a GDP per capita of $3,557. It also provides inflation rates for 2019 and 2020, money supply, components of GDP, and statistics related to wages, profits, and social security.

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    © All Rights Reserved
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    of 1

    1.

    GDP = C + I + G + (EX-IM)
    = 210 + 50 + 110 + 85 + (45 – 50) = 450$ million
    2. Vietnam’s economic growth rate = (GDP of current year – GDP of previous year) / GDP of
    previous year = (343 – 261.92) / 261.92 = 0,3%
    3. Velocity in 2020 = GDP in 2020 / money supply in 2020 = 343 / 0,95 = 361,05
    4. Money supply 2020 = GDP 2020 / velocity 2020 = 343 million/ 1800 = 190,555,555
    5. Unemployment rate 2020 = (unemployed 2020 / labor force (unemployed + employed)) x 100 =
    (1,200,000 / (1,200,000 + 53,150,000) ) x 100 = 2,2%
    6. CPI 2019 = the basket price 2019 / the basket price 2017 (base) = 3960/1950 = 203.08
    CPI 2018 = 2840/1950 = 145.64

    Inflation 2019 = (CPI 2019 – CPI 2018) / CPI 2018 = (203.08 – 145.64) / 145.64

    9. GDP per capital 2020 = GDP in 2020 / population in 2020 = 343/96.41 = 3,557$

    10. Inflation rate 2020 = (CPI 2020 – CPI 2019) / CPI 2019 x100 = (168.78 – 165.82) / 165.82 x 100 =
    1.78% (base year is 2019)

    8. Wages and salaries of Vietnamese working in Vietnam: 8,000,000

    Social security …: 2,000,000

    Wages = 10,000,000

    7. Profit earned by businesses: 5,000,000


    Profit earned by households: 2,000,000
    Dividend income: 550,000

    Profit = 7,550,000

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