Real vs. Nominal GDP Year Real GDP Nominal GDP GDP Deflator 1990 $1000 billion $950 billion...
- Real vs. Nominal GDP
|
Year |
Real GDP |
Nominal GDP |
GDP Deflator |
|
1990 |
$1000 billion |
$950 billion |
|
|
1995 |
$1200 billion |
$1200 billion |
|
|
1998 |
$1500 billion |
115 |
|
|
2000 |
$1750 billion |
125 |
- What is the base year?
- What is the value of the GDP Deflator in the base year?
- What is the value of the GDP Deflator in 1990?
- What is the value of Real GDP in 1998?
- What is the value of Nominal GDP in 2000?
Homework Answers
Add Answer to:
Real vs. Nominal GDP
Year
Real GDP
Nominal GDP
GDP Deflator
1990
$1000 billion
$950 billion...
Question 1 (1 point) Year Nominal GDP Deflator Real GDP 1980 $12 $24 1990 18...
Question 1 (1 point) Year Nominal GDP Deflator Real GDP 1980 $12 $24 1990 18 75 2000 80 22.5 base 2010 20 20 GDP in trillions of dollars. Fill in the blanks using only integers. Do not use any dollar signs, labels, units, decimals, or points. Blank 1: Blank 2: Blank 3: Blank 4: Question 2 (1 point) The overall trend of nominal GDP appears to be increasing. After converting to real GDP, to 2010 dollars,...
Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real...
Question 2 If Nominal GDP is $12,000 billion and the GDP deflator is 80, then Real GDP is ________. a) $15,000 billion b) $9,600 billion c) $21,600 billion Question 3 If inflation occurs in a given year, a) the change in the real measurement (GDP) would be equal to the change in the nominal one. b) the change in the real measurement (GDP) would be greater than the change in the nominal one. c) the change in the real measurement...
Suppose nominal GDP grows from $10 billion in 1990 to $14 billion in 2000, while population...
Suppose nominal GDP grows from $10 billion in 1990 to $14 billion in 2000, while population grows from 4.0 to 4.4 million and the price index in 1995 dollars increases from 95 to 105. The average annual growth rate of real per-capita GDP is
If real GDP in a particular year is $80 billion and nominal GDP is $240 billion,...
If real GDP in a particular year is $80 billion and nominal GDP is $240 billion, the value of the GDP deflator for that year is: Select one: a. 100 b. 200 c. 240 d. 300 e. 333
Fill in the missing information: Year Nominal GDP Real GDP GDP Deflator 1 $8,000 billion $8,000...
Fill in the missing information: Year Nominal GDP Real GDP GDP Deflator 1 $8,000 billion $8,000 billion 100 $ 2 $9,028.8 billion 108 billion 3 $9,806.28 $8,527.2 billion The economy's growth rate is % from year 1 to year 2 and % from year 2 to year 3.
6. Complete the following table: Real GDP Nominal GDP 526.4 1038.5 2789.5 GDP Deflator 21.0 27.5...
6. Complete the following table: Real GDP Nominal GDP 526.4 1038.5 2789.5 GDP Deflator 21.0 27.5 Year 1960 1970 1980 1990 1995 2000 2003 81.6 5165.7 7112.5 8032.2 7397.7 9817.0 11004.1 100.0 106.0 7. The nominal salary paid to the President of the United States along with the data for the CPI are given for various years below. Year 1920 1940 1960 1980 2000 Presidential Salary 75,000 75,000 100,000 200,000 400,000 CPI (2000 = 100) 11.6 8.1 17.2 47.9 100.0...
2·The nominal GDP of Bangladesh is $650 billion and the GDP deflator at same year is...
2·The nominal GDP of Bangladesh is $650 billion and the GDP deflator at same year is 160, What will be the real GDP? (Show calculations) (4 points)
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation...
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2014 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number. Price of Quantity of Price of orange ($) Quantity of oranges 700 beach balls beach ball Nominal GDP ($) Real GDP ($)...
Suppose nominal GDP grows from $10 billion in 1990 to $14 billion in 2000, while population...
Suppose nominal GDP grows from $10 billion in 1990 to $14 billion in 2000, while population grows from 4.0 to 4.4 million and the price index in 1995 dollars increases from 95 to 105. The average annual growth rate of real per-capita GDP is a.) 15.2%. b.) 3.4%. c.) 2.4%. d.) 1.4%. c.) 1.0%.
1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is...
1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is real GDP? 2) If the Consumer Price Index rose from 166.3 in 1985 to 380.1 in 2010, what would be the inflation rate over this period? 3) In 1990, the CPI was 130.7 and in 1996 the CPI was 156.9. What was the rate of inflation over this period of time? 4) If a price index rose from 14.3 in 1985 to 34.1 in...
Fill in the missing information: Year Nominal GDP Real GDP GDP Deflator 1 $8,000 billion $8,000 billion 100 $ 2 $9,028.8 billion 108 billion 3 $9,806.28 $8,527.2 billion The economy's growth rate is % from year 1 to year 2 and % from year 2 to year 3.
6. Complete the following table: Real GDP Nominal GDP 526.4 1038.5 2789.5 GDP Deflator 21.0 27.5 Year 1960 1970 1980 1990 1995 2000 2003 81.6 5165.7 7112.5 8032.2 7397.7 9817.0 11004.1 100.0 106.0 7. The nominal salary paid to the President of the United States along with the data for the CPI are given for various years below. Year 1920 1940 1960 1980 2000 Presidential Salary 75,000 75,000 100,000 200,000 400,000 CPI (2000 = 100) 11.6 8.1 17.2 47.9 100.0...
2·The nominal GDP of Bangladesh is $650 billion and the GDP deflator at same year is 160, What will be the real GDP? (Show calculations) (4 points)
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2014 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number. Price of Quantity of Price of orange ($) Quantity of oranges 700 beach balls beach ball Nominal GDP ($) Real GDP ($)...
1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is real GDP? 2) If the Consumer Price Index rose from 166.3 in 1985 to 380.1 in 2010, what would be the inflation rate over this period? 3) In 1990, the CPI was 130.7 and in 1996 the CPI was 156.9. What was the rate of inflation over this period of time? 4) If a price index rose from 14.3 in 1985 to 34.1 in...
Most questions answered within 3 hours.
-
Little’s Law: Val d’Costa is a world famous ski village in the
French Alps. Because of...
asked 4 minutes ago -
Find the absolute error D for the calculation if A + B/C=D A=
9.4 +/- 0.4...
asked 18 minutes ago -
New Air Heating and Cooling, manufactures furnaces and central
air units. The company pride itself on...
asked 31 minutes ago -
A coach uses a new technique to train gymnasts. Seven
gymnasts were randomly selected and their...
asked 2 hours ago -
While rotating the tires on your car you notice a rock [mass =
0.1 Kg] stuck...
asked 4 hours ago -
Using MARS simulator, write MIPS programs according to
the following scenarios: Receive a positive integer number...
asked 6 hours ago -
An object in front of a concave mirror has a real image that is
11.5 cm...
asked 6 hours ago -
Consider the reaction, C3 H8 + O2 --> CO2 + H2O. How many
moles of O2...
asked 8 hours ago -
You and your opponent both roll a fair die. If you both roll the
same number,...
asked 8 hours ago -
In a study of the accuracy of fast food drive-through orders,
Restaurant A had 257 accurate...
asked 8 hours ago -
Identify and describe in detail the four categories of
institutions that could be included in a...
asked 8 hours ago -
In python
class Customer:
def __init__(self, customer_id, last_name, first_name, phone_number, address):
self._customer_id = int(customer_id)
self._last_name =...
asked 8 hours ago