What was Real GDP in 2008 (in 2009 $)? ___________
Question 29 options:
$11.48 trillion |
|
$14.25 trillion |
|
$14.35 trillion |
|
$17.81 trillion |
The answer is "14.25 Trillion $"
2008
Nominal GDP = 14.3 Trillion $
CPI = 215.3
Real GDP = NOmianl GDP * 100 / CPI
= 14.3 * 100 / 215.3 = 6.6419 Trillion $
2009
CPI = 214.5
Real GDP in 2009 dollars = Real GDP in 2008 * CPI in 2009 / 100
= 6.6419 * 214.5 / 100
= 14.25 Trillion $
What was Real GDP in 2008 (in 2009 $)? ___________ Question 29 options: $11.48 trillion $14.25...
If the GDP deflator in 2009 equals 1.25 and nominal GDP in 2009 equals $15 trillion, what is the value of real GDP in 2009?
Nominal GDP for an economy is $10 trillion. Real GDP is $9 trillion. What is the value of the implicit price deflator?
In 2010, nominal GDP was $14.6 trillion and the GDP deflator was 110.6. What was real GDP for that year? A) $16.1 trillion B) $14.3 trillion C) $13.2 trillion D) $12.1 trillion
QUESTION 15 U.S. real GDP was $19.1 trillion in 2019 and $18,7 trillion in 2018. Use these data and calculate GDP growth rate based on the equation for the percentage change. Do not round your answer, but show only 1 digit after the decimal point. QUESTION 16 U.S. real GDP was $19.1 trillion and total population was 328 million in 2019. Use these data and calculate real GDP per capita. Do not round your answer, but show only 1 digit...
The 2008-2009 recession must have been a result of ________ because otherwise the combination of the ________ cannot be explained. Question 29 options: a decrease in AD and an increase in AS; fall in the price level and the decrease in real GDP a decrease in AD and an increase in AS; rise in the price level and the decrease in real GDP an increase in AD and AS; rise in the price level and the decrease in real GDP...
If real GDP for the United States in 2019 is $8.4 trillion and if real GDP in 2018 was $8.0 trillion, then the economic growth rate of real GDP is:
GDP deflator Year Nominal GDP Population Size ($ billions (millions 2008 3,275 310 2009 3,400 312 2010 3,350 314 Table L: Economic Data for a Hypothetical Economy 104 107 109 119. Consider the economic data provided for a hypothetical economy in Table L above. What is the real GDP growth rate from 2008-09 for the economy depicted in Table L? (If necessary, at each stage of calculation, round to the nearest 1/100th (0.00).) A. -3.39% B. -3.28% C. -1.47% D....
GDP 1999 = 5 trillion GDP 2009 = 10 trillion A) Find avg annual growth rate. B) What are the 3 reasons that cause a country to grow? Explain why they cause growth. C) For each of the 3 reasons listed in B, give a policy the government could implement to try to increase/incentivize the sources of growth.
Suppose that potential GDP is $7.8 trillion and the equilibrium real GDP is $7 trillion. If the Keynesian spending multiplier is 2, what is the level of fiscal stimulus (government spending) required to move the economy back to potential GDP? Show your work and explain.
Suppose that in 2002 the real GDP was $8 trillion and the GDP price index was 1.5. If Nominal GDP increased by 20% between 2002 and 2003, what was the Nominal GDP for 2003? Select one: a. $10.0 trillion b. $12.0 trillion $12.5 trillion d. $13.6 trillion e. $14.4 trillion