During a 10 year period, your annual nominal income increases from 60,000 dollars to 90,000 while...
During a 10 year period, your annual nominal income increases from 60,000 dollars to 90,000 while the inflation rate is 2% per year. Then your real income has increased by how much?
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During a 10 year period, your annual nominal income increases
from 60,000 dollars to 90,000 while...
During the same 10-year period, your after-tax income rose from 540,000 to $55.000. The compo CPI...
During the same 10-year period, your after-tax income rose from 540,000 to $55.000. The compo CPI at the beginning of the period was 86 and at the end of the 10-year period is 100.7 marks Has the percent change in your real after-tax income from the beginning to the end of the 10 period matched the change in after-tax nominal income? Has the change in your real income kept up with the inflation rate? nswers should be to nearest dollar...
During a period of severe inflation, a bond offered a nominal HPR of 82% per year....
During a period of severe inflation, a bond offered a nominal HPR of 82% per year. The inflation rate was 72% per year. a. What was the real HPR on the bond over the year? (Round your answer to 2 decimal places.) b. Find the approximation rreal ≈ rnom– i.
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
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%.
Problem 5-13 During a period of severe inflation, a bond offered a nominal HPR of 87%...
Problem 5-13 During a period of severe inflation, a bond offered a nominal HPR of 87% per year. The Inflation rate was 79% per year. a. What was the real HPR on the bond over the year? (Round your answer to 2 decimal places.) Real HPR References b. Find the approximation Freal - Tom - 1. Approximation
From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) , and real GDP _____ (Decreased...
From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) ,
and real GDP _____ (Decreased or increased)
The inflation rate in 2015 was __ (-30%, 0.3%, 76.9%, or
130%)
Consider a simple economy that produces two goods: cupcakes and erasers. The following table shows the prices and quantities of the goods over three-year period Cupcakes Erasers Price Quantity (Number of cupcakes) 125 135 100 Price Quantity (Number of erasers) 155 210 200 (Dollars per cupcake) (Dollars per eraser) Year...
If nominal GDP growth between period t−1 and t was 3.3%, while real GDP growth during...
If nominal GDP growth between period t−1 and t was 3.3%, while real GDP growth during the same time was 2.7%, then the GDP deflator in between t−1 and t. a)must have increased due to inflation. b)possibly increased due to deflation. c)must have decreased due deflation. d)stayed the same due to inflation. e)possibly decreased due to deflation.
4. If Jason's annual income increases from $40,000 to $60,000 and the amount of croissants he...
4. If Jason's annual income increases from $40,000 to $60,000 and the amount of croissants he consumes increases from 60 to 76 per year, calculate the income elasticity of demand for croissants. What type of goods are croissants for Jason? (2 points)
suppose u.s. nominal GDP increases from one year to the next. increases from one year to...
suppose u.s. nominal GDP increases from one year to the next.
increases from one year to the u.s. nominal GDP suppose Next. a.s. that Production of True goods or false & services we can conclude increased..? A true, because Prices have increased as well from one year to next. e True, because Prices have decreased from one year to the next. c false, because we do not know whether Prices have changed. & False, because prices have decreased from one...
From 2013 to 2014, nominal GDP ______ (Decreased or increased) , and real GDP _______ (Decreased...
From 2013 to 2014, nominal GDP ______ (Decreased or
increased) , and real GDP _______ (Decreased or
increased)
The inflation rate in 2014 was ________ (-23.1, -0.2,
23.1, 76.9 or 130%) .
5. Real versus nominal GDP Consider a simple economy that produces two goods: apples and muffins. The following table shows the prices and quantities of the goods over a three-year period Apples Muffins Price (Dollars per apple) Price (Dollars per muffin) Year 2012 2013 2014 Quantity (Number of...
During the same 10-year period, your after-tax income rose from 540,000 to $55.000. The compo CPI at the beginning of the period was 86 and at the end of the 10-year period is 100.7 marks Has the percent change in your real after-tax income from the beginning to the end of the 10 period matched the change in after-tax nominal income? Has the change in your real income kept up with the inflation rate? nswers should be to nearest dollar...
Problem 5-13 During a period of severe inflation, a bond offered a nominal HPR of 87% per year. The Inflation rate was 79% per year. a. What was the real HPR on the bond over the year? (Round your answer to 2 decimal places.) Real HPR References b. Find the approximation Freal - Tom - 1. Approximation
From 2014 to 2015, nominal GDP ______ (DECREASED OR INCREASED) ,
and real GDP _____ (Decreased or increased)
The inflation rate in 2015 was __ (-30%, 0.3%, 76.9%, or
130%)
Consider a simple economy that produces two goods: cupcakes and erasers. The following table shows the prices and quantities of the goods over three-year period Cupcakes Erasers Price Quantity (Number of cupcakes) 125 135 100 Price Quantity (Number of erasers) 155 210 200 (Dollars per cupcake) (Dollars per eraser) Year...
4. If Jason's annual income increases from $40,000 to $60,000 and the amount of croissants he consumes increases from 60 to 76 per year, calculate the income elasticity of demand for croissants. What type of goods are croissants for Jason? (2 points)
suppose u.s. nominal GDP increases from one year to the next.
increases from one year to the u.s. nominal GDP suppose Next. a.s. that Production of True goods or false & services we can conclude increased..? A true, because Prices have increased as well from one year to next. e True, because Prices have decreased from one year to the next. c false, because we do not know whether Prices have changed. & False, because prices have decreased from one...
From 2013 to 2014, nominal GDP ______ (Decreased or
increased) , and real GDP _______ (Decreased or
increased)
The inflation rate in 2014 was ________ (-23.1, -0.2,
23.1, 76.9 or 130%) .
5. Real versus nominal GDP Consider a simple economy that produces two goods: apples and muffins. The following table shows the prices and quantities of the goods over a three-year period Apples Muffins Price (Dollars per apple) Price (Dollars per muffin) Year 2012 2013 2014 Quantity (Number of...
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