Question

Telsa GM BMW Yearly total Valuel Price(S) Quatityi Price(S) Quatity million Yearly total Valuel Yearly total aue GDP(in Nominal Price(S) Quatity in million million million 20113 2012 4 2013 4.50 20145 2015 5 120 160 225 325 2.50300 750 350 2.50 200 400 3.75200 750 210 840 12 12 13 17 20 568 982 1156 1194 4 50 65 70 48 72 91 119 140 1427.50 4 375 937.50 NGDP Growth rate from 2011 to 2012-[(982-568) / 568] * 100-72.8996 NGDP Growth rate from 2012 to 2013-[(1155-982) / 982] * 100-17.72% NGDP Growth rate from 2013 to 2014-[(1194-1156) / 1156] * 100-3.29% NGDP Growth rate from 2014 to 2015-[(142750-1194) / 1194] * 100-19.56%

Answer 1

	2011		2012		2013		2014		2015		Real GDP
	Price ($ )	Quantity	Price ($ )	Quantity	Price ($ )	Quantity	Price ($ )	Quantity	Price ($ )	Quantity	Expenditure in 2011	Expenditure in 2012	Expenditure in 2013	Expenditure in 2014	Expenditure in 2015
Tesla	3.00	40	4.00	40	4.50	50.00	5.00	65.00	5.00	70	160	160	200.00	260	280
GM	2.00	200	3.75	200	4.00	210	2.50	300	2.50	375	750	750	787.50	1125	1406.25
BMW	4.00	12	6.00	12	7.00	13	7.00	17	7.00	20	72	72	78.00	102	120
Real GDP											982	982	1065.50	1487	1806.25
GDP deflator = (Nominal GDP/Real GDP)100
Nominal GDP: the value of final goods and services at current prices
Real GDP: The value of final goods and services at base year prices
Base year is 2012, Real GDP in 2012 is same a nominal GDP.
Real GDP growth rate 2011 to 2012				((982-982)/982))*100		(0/982)=0%
Real GDP growth rate 2012 to 2013				((1065.50-982)/982))*100		(83.5/982)*100		8.50%
Real GDP growth rate 2013 to 2014				((1487-1065.50)/1065.50))*100			(421.50/1065.50)100		39.56%
Real GDP growth rate 2014 to 2015				((1806.25-1487)/1487))*100			(319.25/1487)100=		21.47%