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Note that GDP deflator = Nominal GDP / Real GDP. Hence
% change in GDP deflator = % change in nominal GDP - % change in real GDP
= 10% - 10%
= 0%
This implies GDP deflator will not change (remains unchanged).
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4. If nominal GDP and real GDP both rise...
Need help, please show work Suppose that real GDP increases by 3 percent in a year...
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Suppose that real GDP increases by 3 percent in a year when the GDP deflator increases by 2 percent. This means that nominal GDP increases by approximatelypercent in that year. O 1.5
(4 marks) Suppose both nominal GDP and real GDP rise by 10 percent. How will the...
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Need help, please show work 2. The table below provides the nominal and real GDP figures...
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2. The table below provides the nominal and real GDP figures for the years 2016 and 2017. a) Calculate the GDP deflator for each year and the inflation rate for the year 2017. GDP Deflator Nom. GDP Real GDP 2016 2017 400 525 100 105 b) If the nominal interest rate on a certificate of deposit (CD) was 50% during 2017, what was the realized (ex-post) real interest earned by a depositor? [Hint real interest...
Need help, please show work The Data of Macroeconomics-Work It Out Question 2 Consider an economy...
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The Data of Macroeconomics-Work It Out Question 2 Consider an economy that produces and consumes bread and automobiles. The table includes data for two different years. Good 20102010 2015 2015 QuantityriceQuantityPrice Automobiles| 70 $44000110 65000 Bread 530000$10 Round answers to to places afier the decimal where necessary a. Using 2010 as the base year, compute nominal GDP, real GDP, the implicit price deflator for GDP, and the CPI for each year 2010 Nominal GDP 2015...
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.
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Need help, please show work 1. Between 2012 and 2013 a country's nominal GDP rose from...
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1. Between 2012 and 2013 a country's nominal GDP rose from $16.30 billion to $16.789 billion. At the same time the country's price index rose from 142.00 to 144.84 and its population rose from 500,000 to 502,500 people. Based on this data: Nominal GDP increased by The inflation rate was RGDP per capita (measured in base year dollars) was $ % and the population grew by in 2012 an in 2013 Real GDP per capita...
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Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to: Select one: o a. -10% o b. 10% oc. 20% d. 9.1% e. 0% OOO
Need help, please show work 4. Between 2012 and 2013 a country's GDP rose from $16.30...
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4. Between 2012 and 2013 a country's GDP rose from $16.30 billion to $16.789 billion. At the same time the country's price index rose from 142.00 to 144.84 and its population rose from 500,000 to 502,500 people. Based on this data: Nominal GDP increased by The inflation rate was The population grew by % RGDP per capita (measured in base year dollars) was $ in 2012 and $ in 2013 % Real GDP per capita...
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Suppose that real GDP increases by 3 percent in a year when the GDP deflator increases by 2 percent. This means that nominal GDP increases by approximatelypercent in that year. O 1.5
(4 marks) Suppose both nominal GDP and real GDP rise by 10 percent. How will the GDP deflator change? What has happened to the general price level? What is the inflation rate? Show your calculation. (4 marks) Other things being the same, if an unemployed person gives up searching for jobs and becomes a stay-at-home parent, what will happen to the labor force, the number of unemployed persons and the unemployment rate? Explain briefly.
Need help, please show work
2. The table below provides the nominal and real GDP figures for the years 2016 and 2017. a) Calculate the GDP deflator for each year and the inflation rate for the year 2017. GDP Deflator Nom. GDP Real GDP 2016 2017 400 525 100 105 b) If the nominal interest rate on a certificate of deposit (CD) was 50% during 2017, what was the realized (ex-post) real interest earned by a depositor? [Hint real interest...
Need help, please show work
The Data of Macroeconomics-Work It Out Question 2 Consider an economy that produces and consumes bread and automobiles. The table includes data for two different years. Good 20102010 2015 2015 QuantityriceQuantityPrice Automobiles| 70 $44000110 65000 Bread 530000$10 Round answers to to places afier the decimal where necessary a. Using 2010 as the base year, compute nominal GDP, real GDP, the implicit price deflator for GDP, and the CPI for each year 2010 Nominal GDP 2015...
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, please show work
1. Between 2012 and 2013 a country's nominal GDP rose from $16.30 billion to $16.789 billion. At the same time the country's price index rose from 142.00 to 144.84 and its population rose from 500,000 to 502,500 people. Based on this data: Nominal GDP increased by The inflation rate was RGDP per capita (measured in base year dollars) was $ % and the population grew by in 2012 an in 2013 Real GDP per capita...
If production remains the same and all prices rise by 50%, then real GDP B) and nominal GDP are both constant C) is constant and nominal GDP is increased by half.
Use the following information to answer this question. If nominal GDP rises from $100 trillion to $120 trillion, while the GDP deflator rises from 2.0 to 2.2, the percentage change in real GDP is approximately equal to: Select one: o a. -10% o b. 10% oc. 20% d. 9.1% e. 0% OOO
Need help, please show work
4. Between 2012 and 2013 a country's GDP rose from $16.30 billion to $16.789 billion. At the same time the country's price index rose from 142.00 to 144.84 and its population rose from 500,000 to 502,500 people. Based on this data: Nominal GDP increased by The inflation rate was The population grew by % RGDP per capita (measured in base year dollars) was $ in 2012 and $ in 2013 % Real GDP per capita...
only answer for question 5
4. Calculate the Nominal GDP, Real GDP using 2019 as the base year, and the GDP Deflator. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey 2017 $2 100 $4 200 2018 $4 100 $4 210 2019 $4 120 $6 220 4. Calculate the Nominal GDP, Real GDP using 2019 as the base year, and the GDP Deflator. Year Price of Milk Quantity of Milk Price of Honey Quantity of Honey...
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