Question

APA citation gene... A The Alphabetizer... G traductor de goog... Mejorando la escr... Class Activity ECON 122 a. Calculate the Real GDP for each year. b. Obtain the growth rate of Real GDP. Year 2014 Nominal $10.224.00 Deflator 100 Real GDP 10224 Growth rate of Real GDP % 2015 11.144.16 105 10613.19 3.81 2016 12,481.46 112 phl 144.16 11835.87 5.0 6.20 2017 13,729.61 116 Respuestas actividad 1.pdf MacBook Air

Answer 1

Answeer
real GDP =(nominal GDP/GDP deflator)*100
real GDP in 2014=(10224/100)*100=10224
real GDP in 2015=(11144.16/105)*100=10613.4857=10613.49
real GDP in 2016=(12481.46/112)*100=11144.1607=11144.16
real GDP in 2017=(13729.61/116)*100=11835.8707=11835.87

======
growth rate of real GDP=(real GDP of the year -real GDP of last year)/real GDP of last year)*100

in 2015=((10613.4857-10224)/10224)*100=3.80952367
=3.81
in 2016=((11144.1607-10613.4857)/10613.4857)*100=5.00000674
=5.0

in 2017=((11835.8707-11144.1607)/11144.1607)*100=6.20692772
=6.20