Need help, please show work In the year 2000 your dad made $67,000 per year. The...
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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...
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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...
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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...
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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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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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In 1970, the CPI was 39 and in 2000 it was 172. A local phone call cost $0.10 in 1970. What is the price of this phone call in 2000 dollars? O A. $1.72 O B. $1.42 C. $0.44 OD. $0.23 O E. $0.39
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Country A has a per capita income of $4,000 per year and Country B has a per capita income of S40.000 per year. Assume Country A's per capita income grows at a rate of 5% per year and Country B's per capita income grows at a rate of 290 per year How many times larger is Country B's income per capita today? 10 times larger How many times larger will Country B's income per capita...
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(doubles, stayed the same, or fallen by half). EXCEPT, the options
for the blank at E are (increased, decreased, or stays the
same).
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 $I each, and Abby buys 10...
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for the blank at E are (increased, decreased, or stays the
same).
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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...
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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