Homework Answers
Answer
the real GDP in a year =(Nominal GDP of the year/GDP deflator of
the year)*100
real GDP in year 2=(1000/133.3)*100
=750.187547
=$750
Option c
Add Answer to:
i need help explaining how to do it.
The correct answer is: 33.3 percent 14 Exhibit...
Year 2000 2005 Nominal GDP (billions) $600 $1,100 GDP deflator 100 125 Refer to Table 7-12....
Year 2000 2005 Nominal GDP (billions) $600 $1,100 GDP deflator 100 125 Refer to Table 7-12. Measured in terms of 2000 prices, real GDP in 2005 was 900 750. 880 1,333.
Need help, correct answer is shown. All I need to know is how to work through...
Need help, correct answer is shown. All I need to know is how to
work through the answer. Please show work.
Suppose that nominal GDP increases by 6 percent in a year when real GDP increases by 3 percent. This means that the inflation rate, as measured by the percentage change in the GDP deflator, is approximately percent in that year. × 0.5 ×2
I need help with GDP calculations
Consider the following data on U.S. GDP:Year Nominal GDP GDP Deflator(in billions of dollars) (base year 1996)_____________________________________________________________________________2000 9,873 1181999 9, 269 113a. What was the growth rate of nominal GDP between 1999 and 2000? (Note: The growth rate is the percentage change from one period to the next.)b. What was the growth rate of the GDP deflator between 1999 and 2000?c. What was the real GDP in 1999 measured in 1996 prices?d. What was real GDP in 2000measured in 1996...
Need help with this, CORRECT ANSWERS ARE ALREADY SHOWN. All I need to know is how...
Need help with this, CORRECT ANSWERS ARE ALREADY SHOWN. All I
need to know is how to arrive at these answers, please show
work
The Data of Macroeconomics-End of Chapter Problem Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2 each, green apples cost $1 each, and Abby buys 10 green apples. Assume that year 1 is the base...
i need help choosing the correct answer and explaining why its correct. 5. True or False....
i need help choosing the correct answer and explaining why its
correct.
5. True or False. The price incidence equation for producers depends only on the free market price and the tax (or subsidy) that is applied in a market. 6. In a market that is in equilibrium and has a subsidy in place, which of the following is not a true statement? a. Producer prices will be larger than consumer prices b. The difference between the producer price and...
I need help with question D, basically interpreting the question and it’s answer. What units are...
I need help with question D, basically interpreting the
question and it’s answer. What units are avg labour productivity
measured in ? And what does it imply ?
Ignore the 2nd table ( was for another question )
2017 9018 100 200 Output (TV's) Employment (Computers) Employment (TV's) Price per Computer 1000 500 $1,000 $900 101 1100 400 $400 $500 Table 1: Question 2 Value GDP NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I...
Hello, can someone help me out with the question 8,9,11,12? I calculated for question 8 the...
Hello, can someone help me out with the
question 8,9,11,12?
I calculated for question 8 the answer might be 0.33, however,
there is no 0.33 as the answer.
The procedure is (Real GDP2017-Real GDP2016)/ Real
GDP2016=(893-890)/890=0.33
Thank you so much!
Questions 6-12 Zesta's Economic Data 2016 | 2017 Actual GDP ($ Billions) 900 B = ? = Actual GDP growth rate (%) 2.0% Real GDP ($ Billions) TA=T A T | | 2018 2019 965 2.50% 915 TE = ?...
only need help on 3 NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3:...
only need help on 3
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion 150 billion S 500 billion S 500 billion $800 billion S 150 billion $9,000 billion $ 900 billion 1. National income (NI) is equal to $7,000 billion $8,200 billion $9,900 billion $9,100 billion b. d. 2. Disposable income (DI) is equal to $7,100 billion...
Assignment Score: 37.5% Resources Give Up? Hint Check Answer Question 7 of 16 > Consider the...
Assignment Score: 37.5% Resources Give Up? Hint Check Answer Question 7 of 16 > Consider the given simple economy. Sheepnip Co. makes sheep feed. Better-bald Inc. purchases sheep feed for the sheep it raises and sells wool. Sweeter Sweaters Inc. makes and sells wool sweaters. Sheepnip Co. Better-bald Inc. Sweeter Sweaters Inc. Sheep feed $0 $2200 $0 Wool $0 $0 $3800 Wages $700 $300 $550 Interest payments $400 $100 $50 Rent $1000 $450 $500 Profits $100 $750 $800 What is...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
Year 2000 2005 Nominal GDP (billions) $600 $1,100 GDP deflator 100 125 Refer to Table 7-12. Measured in terms of 2000 prices, real GDP in 2005 was 900 750. 880 1,333.
Need help, correct answer is shown. All I need to know is how to
work through the answer. Please show work.
Suppose that nominal GDP increases by 6 percent in a year when real GDP increases by 3 percent. This means that the inflation rate, as measured by the percentage change in the GDP deflator, is approximately percent in that year. × 0.5 ×2
Need help with this, CORRECT ANSWERS ARE ALREADY SHOWN. All I
need to know is how to arrive at these answers, please show
work
The Data of Macroeconomics-End of Chapter Problem Abby consumes only apples. In year 1, red apples cost $1 each, green apples cost $2 each, and Abby buys 10 red apples. In year 2, red apples cost $2 each, green apples cost $1 each, and Abby buys 10 green apples. Assume that year 1 is the base...
i need help choosing the correct answer and explaining why its
correct.
5. True or False. The price incidence equation for producers depends only on the free market price and the tax (or subsidy) that is applied in a market. 6. In a market that is in equilibrium and has a subsidy in place, which of the following is not a true statement? a. Producer prices will be larger than consumer prices b. The difference between the producer price and...
I need help with question D, basically interpreting the
question and it’s answer. What units are avg labour productivity
measured in ? And what does it imply ?
Ignore the 2nd table ( was for another question )
2017 9018 100 200 Output (TV's) Employment (Computers) Employment (TV's) Price per Computer 1000 500 $1,000 $900 101 1100 400 $400 $500 Table 1: Question 2 Value GDP NFP (Net Factor Payments) C (Consumption) G (Government Expenditures) PDI (Personal Disposable Income) I...
Hello, can someone help me out with the
question 8,9,11,12?
I calculated for question 8 the answer might be 0.33, however,
there is no 0.33 as the answer.
The procedure is (Real GDP2017-Real GDP2016)/ Real
GDP2016=(893-890)/890=0.33
Thank you so much!
Questions 6-12 Zesta's Economic Data 2016 | 2017 Actual GDP ($ Billions) 900 B = ? = Actual GDP growth rate (%) 2.0% Real GDP ($ Billions) TA=T A T | | 2018 2019 965 2.50% 915 TE = ?...
only need help on 3
NATIONAL INCOME ACCOUNTS Use the data below to answer questions 1-3: Consumption Expenditures Wages Rent Interest Income Corporate Profits Proprietors' Income Farm Income Personal Income Personal Taxes $8,000 billion $7,000 billion 150 billion S 500 billion S 500 billion $800 billion S 150 billion $9,000 billion $ 900 billion 1. National income (NI) is equal to $7,000 billion $8,200 billion $9,900 billion $9,100 billion b. d. 2. Disposable income (DI) is equal to $7,100 billion...
Assignment Score: 37.5% Resources Give Up? Hint Check Answer Question 7 of 16 > Consider the given simple economy. Sheepnip Co. makes sheep feed. Better-bald Inc. purchases sheep feed for the sheep it raises and sells wool. Sweeter Sweaters Inc. makes and sells wool sweaters. Sheepnip Co. Better-bald Inc. Sweeter Sweaters Inc. Sheep feed $0 $2200 $0 Wool $0 $0 $3800 Wages $700 $300 $550 Interest payments $400 $100 $50 Rent $1000 $450 $500 Profits $100 $750 $800 What is...
ΤΕΧΝΙΤΗΤΗ iple Choice y the choice that best completes the statement or answers the question. The production possibilities frontier is a graph that shows the various combinations of output that an economy a. should produce. b. wants to produce. c. can produce d. demands 2 The price index was 320 in one year and 360 in the next year. What was the inflation rate? a. 9 percent ((B-A)/A)*100 b. 11.1 percent c. 12.5 percent ((360 - 320)/320)*100 d. 40 percent...
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