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Homework Answers
GDP deflator = (Nominal GDP / Real GDP) x 100
From this, we get (we use log to find growth rates, the denominator gets subtracted from the numerator)
Percent change in GDP deflator = Percent change in nominal GDP - Percent change in real GDP = 6 - 3 = 3%
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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
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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...
Need help, please show work. Some correct answers are already shown. All I need to know...
Need help, please show work. Some correct answers are already
shown. All I need to know is how to work through the problems.
Please show work
3. Consider the following information about Nicaragua Year | CPI inflation | Wage | % Real Real change wage wage in wage base 2014 change adjusted real wage ear cordobas wage 2.50 n/a $737.5 | 766.35 199943.98 n/a 2004 | 59.32 | 34.88% | 3.50 | 4090 200995.48 2014135.07 5.687.67 5.907.97 n/a 3.9% 5.50...
I understand some of this, need help for it. Correct answers are shown, please show work....
I understand some of this, need help for it. Correct answers are
shown, please show work.
I. 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 3 % The inflation rate was 2 % and the population grew by 25% RGDP per capita (measured...
i need help explaining how to do it. The correct answer is: 33.3 percent 14 Exhibit...
i need help explaining how to do it.
The correct answer is: 33.3 percent 14 Exhibit 11-6 Use the table below to answer the following question(s). ats out Nominal GDP GDP Year (billions) deflator Year 1 600 100.0 Year 2 1,000 133.3 Refer to Exhibit 11-6. Measured in terms of Year 1 prices, real GDP in Year 2 was Select one: a. 1,333 b. 900. C. 750. Correct Cd. 600 The correct answer is: 750.
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 with this, please show work 4. If nominal GDP and real GDP both rise...
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4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator O O falls by 10 percent. also rises by 10 percent. remains unchanged. rises by about 20 percent. O
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, please show work. Some correct answers are shown, all I need to know is...
Need help, please show work. Some correct answers are shown, all
I need to know is how to work through the problem. Please show
work.
We were unable to transcribe this image6.27 yuan per S 62.37 rupee per S China 27 yuan India 150 rupee Compared to the U.S., prices in Switzerland are102.1__percent higher (circle one). If you took $50,000 to Switzerland it would feel like you had $ 24,742.27after purchasing power parity adjustment. Compared to the U.S., prices in...
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, please show work
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
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...
Need help, please show work. Some correct answers are already
shown. All I need to know is how to work through the problems.
Please show work
3. Consider the following information about Nicaragua Year | CPI inflation | Wage | % Real Real change wage wage in wage base 2014 change adjusted real wage ear cordobas wage 2.50 n/a $737.5 | 766.35 199943.98 n/a 2004 | 59.32 | 34.88% | 3.50 | 4090 200995.48 2014135.07 5.687.67 5.907.97 n/a 3.9% 5.50...
I understand some of this, need help for it. Correct answers are
shown, please show work.
I. 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 3 % The inflation rate was 2 % and the population grew by 25% RGDP per capita (measured...
i need help explaining how to do it.
The correct answer is: 33.3 percent 14 Exhibit 11-6 Use the table below to answer the following question(s). ats out Nominal GDP GDP Year (billions) deflator Year 1 600 100.0 Year 2 1,000 133.3 Refer to Exhibit 11-6. Measured in terms of Year 1 prices, real GDP in Year 2 was Select one: a. 1,333 b. 900. C. 750. Correct Cd. 600 The correct answer is: 750.
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 with this, please show work
4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator O O falls by 10 percent. also rises by 10 percent. remains unchanged. rises by about 20 percent. O
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, please show work. Some correct answers are shown, all
I need to know is how to work through the problem. Please show
work.
We were unable to transcribe this image6.27 yuan per S 62.37 rupee per S China 27 yuan India 150 rupee Compared to the U.S., prices in Switzerland are102.1__percent higher (circle one). If you took $50,000 to Switzerland it would feel like you had $ 24,742.27after purchasing power parity adjustment. Compared to the U.S., prices in...
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