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Instructor Assignable 6 The base year is 2012. Real GDP in 2012 was $15 trillion. The...
(A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price...
(A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price level increased from 120.0 to 123.4. Rounding to the nearest second decimal, how much was the growth rate of nominal GDP? (B) A US computer company buys computers from a US company for their workers. Which category of US gross domestic product (GDP) is this included? (C, I, G, NX or none of the four) (C) Refer to the following table, compute the CPI...
17-26 17) Real GDP in 2000 was $8.0 trillion and $8.5 trillion in 2001. What was...
17-26
17) Real GDP in 2000 was $8.0 trillion and $8.5 trillion in 2001. What was the annual growth rate in percentage terms? 18) If GDP is $14.3 trillion, consumption is $10 trillion, and investment $1.6 trillion, what percent of GDP is consumption, and what percent is investment? 19) If the price at time t is $8 and the price at time t+1 is $9, by what percent did the price increase? 20) The inflation rate is the annual percentage...
QUESTION 15 U.S. real GDP was $19.1 trillion in 2019 and $18,7 trillion in 2018. Use...
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...
Suppose that an economy is characterized by M= $9 trillion V=2 P= base index = 1.0...
Suppose that an economy is characterized by M= $9 trillion V=2 P= base index = 1.0 Instructions: Enter your responses rounded to two decimal places (do not include a negative sign (-) with your answers). a. What is the real value of output (Q)? $D 18 trillion Now assume that the Fed increases the money supply by 20 percent and velocity remains unchanged. b. If the price level remains constant, by how much will real output increase? c. If, instead, real output is fixed...
Question 2 0.15 pts Real GDP in the US (in 2012 Dollars) was $15.6 trillion in...
Question 2 0.15 pts Real GDP in the US (in 2012 Dollars) was $15.6 trillion in 2007 and $18 trillion in 2017, The growth rate for Real GDP averaged 3.3% in the 15 years before 2007, but has only averaged 1.5% since then due to the effect of the Global Financial Crisis. How much larger would Real GDP in the US be in 2017 if economic growth had continued at the same pace as before the crisis? (keep you answer...
Suppose that the MPC is 0.8 and that $14 trillion of real GDP is currently being...
Suppose that the MPC is 0.8 and that $14 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $15 trillion at the given price level. By how much would it have to increase government purchases to achieve this goal?
la 5 If in 2018 US real GDP is $19 trillion and US nominal GDP is...
la 5 If in 2018 US real GDP is $19 trillion and US nominal GDP is $21 trillion. Which of the following is correct? 2018 is the base year. Price level in 2018 must be higher than base year level. O Quantity of final goods and services produced in 2018 must be higher than base year level. O Quantity of final goods and services produced in 2018 must be lower than base year level. 06
Suppose that an economy is characterized by M-$10 trillion V- 1.8 P-base index 1.0 nstructions: E...
Please only answer if 100% sure I keep getting incorrect
responsesSuppose that an economy is characterized by M-$10 trillion V- 1.8 P-base index 1.0 Instructions: Enter your responses rounded to two decimal places (do not include a negative sign ()with your answers). a. What is the real value of output (Q)? $18 trillion Now assume that the Fed increases the money supply by 20 percent and velocity remains unchanged b. If the price level remains constant, by how much will real output increase? c....
Suppose that, during 2012, nominal GDP was $10,082 billion. During 2012, the value of the Consumer Price Ind...
Suppose that, during 2012, nominal GDP was $10,082 billion. During 2012, the value of the Consumer Price Index was 177.1 (using 1999 as the base year). Estimate the real GDP for 2012 4. In 2015 US Real GDP was $16,547.6 billions of dollars; in 2016, US Real GDP was $16,851.4 billions of dollars. Estimate the economic growth rate for the period 2016-2015.?
Problem 27-6 (Algo) Suppose that in 1984 the total output in a single-good economy was 10,000...
Problem 27-6 (Algo) Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $15. Finally, assume that in 2005 the price per bucket of chicken was $20 and that 22,000 buckets were produced. Instructions: In part a, enter your answer as an index number rounded to 1 decimal place. In parts b-c, enter your answers as whole numbers. a. What is the...
(A) Real gross domestic product (GDP) increased from $16.62 trillion to $18.05 trillion, and the price level increased from 120.0 to 123.4. Rounding to the nearest second decimal, how much was the growth rate of nominal GDP? (B) A US computer company buys computers from a US company for their workers. Which category of US gross domestic product (GDP) is this included? (C, I, G, NX or none of the four) (C) Refer to the following table, compute the CPI...
17-26
17) Real GDP in 2000 was $8.0 trillion and $8.5 trillion in 2001. What was the annual growth rate in percentage terms? 18) If GDP is $14.3 trillion, consumption is $10 trillion, and investment $1.6 trillion, what percent of GDP is consumption, and what percent is investment? 19) If the price at time t is $8 and the price at time t+1 is $9, by what percent did the price increase? 20) The inflation rate is the annual percentage...
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...
Suppose that an economy is characterized by M= $9 trillion V=2 P= base index = 1.0 Instructions: Enter your responses rounded to two decimal places (do not include a negative sign (-) with your answers). a. What is the real value of output (Q)? $D 18 trillion Now assume that the Fed increases the money supply by 20 percent and velocity remains unchanged. b. If the price level remains constant, by how much will real output increase? c. If, instead, real output is fixed...
Question 2 0.15 pts Real GDP in the US (in 2012 Dollars) was $15.6 trillion in 2007 and $18 trillion in 2017, The growth rate for Real GDP averaged 3.3% in the 15 years before 2007, but has only averaged 1.5% since then due to the effect of the Global Financial Crisis. How much larger would Real GDP in the US be in 2017 if economic growth had continued at the same pace as before the crisis? (keep you answer...
Suppose that the MPC is 0.8 and that $14 trillion of real GDP is currently being demanded. The government wants to increase real GDP demanded to $15 trillion at the given price level. By how much would it have to increase government purchases to achieve this goal?
la 5 If in 2018 US real GDP is $19 trillion and US nominal GDP is $21 trillion. Which of the following is correct? 2018 is the base year. Price level in 2018 must be higher than base year level. O Quantity of final goods and services produced in 2018 must be higher than base year level. O Quantity of final goods and services produced in 2018 must be lower than base year level. 06
Please only answer if 100% sure I keep getting incorrect
responsesSuppose that an economy is characterized by M-$10 trillion V- 1.8 P-base index 1.0 Instructions: Enter your responses rounded to two decimal places (do not include a negative sign ()with your answers). a. What is the real value of output (Q)? $18 trillion Now assume that the Fed increases the money supply by 20 percent and velocity remains unchanged b. If the price level remains constant, by how much will real output increase? c....
Suppose that, during 2012, nominal GDP was $10,082 billion. During 2012, the value of the Consumer Price Index was 177.1 (using 1999 as the base year). Estimate the real GDP for 2012 4. In 2015 US Real GDP was $16,547.6 billions of dollars; in 2016, US Real GDP was $16,851.4 billions of dollars. Estimate the economic growth rate for the period 2016-2015.?
Problem 27-6 (Algo) Suppose that in 1984 the total output in a single-good economy was 10,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $15. Finally, assume that in 2005 the price per bucket of chicken was $20 and that 22,000 buckets were produced. Instructions: In part a, enter your answer as an index number rounded to 1 decimal place. In parts b-c, enter your answers as whole numbers. a. What is the...
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