Given the following data on the table calculate: the GDP deflator for each year 2014,2015 and...
Given the following data on the table calculate:
- the GDP deflator for each year 2014,2015 and 2016. Show clearly your calculations (10%)
- the inflation rate between 2014-2015 and 2015-2016. Show clearly your calculations (10%)
|
(€ million) |
2014 |
2015 |
2016 |
|
Nominal GDP |
4,650,000 |
4,930,000 |
6,310,000 |
|
Real GDP |
5,800,000 |
6,550,000 |
7,300,200 |
Homework Answers
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Given the following data on the table calculate:
the GDP deflator for each year 2014,2015 and...
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation...
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2014 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number. Price of Quantity of Price of orange ($) Quantity of oranges 700 beach balls beach ball Nominal GDP ($) Real GDP ($)...
Fill in the missing data in the following table. Year Nominal GDP GDP deflator Real GDP...
Fill in the missing data in the following table. Year Nominal GDP GDP deflator Real GDP $ 2012 $220000 100.0 2013 $215,000 110.0 2014 $260,000 $220,000 2015 $290,000 $ 123.0 2016 $240,000 130.0
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation...
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2014 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number.
1. Compute nominal GDP in each year.
Use the following table: 1. Compute nominal GDP in each year. 2. Compute real GDP in each year using 2014 as the base year. 3. Compute the GDP deflator in each year. 4. Use GDP deflator to compute the inflation rate from 2014 to 2015 and from 2015 to 2016.
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012...
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012 231.2 95.43 1619 2013 234.72 97.11 16785 2014 236.27 98.94 17522 2015 237.83 100.00 18219 2016 242.7 01.09 1870 2017 247.91 103.02 19485 1. Calculate the annual inflation rate using the CPI. 2. Calculate the annual GDP growth rate using the GDP. 3. Explain how the inflation rate and the GDP growth have been moved. 4. Calculate the real GDP using GDP deflator by...
2. The following table displays data on Italy. Prices are in trillion USD $. year Nominal...
2. The following table displays data on Italy. Prices are in trillion USD $. year Nominal GDP Real GDP (in 2010 USD) GDP deflator 2012 2.087 100 2013 2.141 2.047 2014 2.047 105.5 2015 1.836 89 2016 2.089 89.8 1. 1. Fill in the missing values 2. Calculate GDP growth between 2012 and 2013 (use real GDP). Did Italy’s GDP grow or contract? 3. Calculate GDP growth between 2013 and 2014 4. Calculate inflation rate between 2013 and 2014 5....
Use the data in the corresponding table to answer the given questions. If the GDP deflator...
Use the data in the corresponding table to answer the given questions. If the GDP deflator in 2005 is 100, what is the GDP deflator in 1985? Please specify answer to one decimal place. Year Real GDP ($) Nominal GDP ($) 1985 1015 1679 1995 10405 12061 2005 20483 20483 1985 GDP deflator: The price level is lowest in: A) 2005 B) 1995 C) 1985 Between 1985 and 1995, ____ occurred. a) inflation b) deflation
Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation...
Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation rate in each year and fill in the missing parts of the table Use 2010 as the base year Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number Quantity Price of Quantity Price of Real GOP ($) GOP deflator Inflation rate (%) Year of orange of beach beach ball GDP...
The table below shows the GDP deflator and the CPI over five recent years. By what...
The table below shows the GDP deflator and the CPI over five recent years. By what percent did prices change between years for each measure? Calculate the annual inflation rate and then the inflation rate across the entire time period. Instructions: Enter your answers as percentages rounded to two decimal places. Change in GDP deflator Year 2012 2013 Change in CPI GDP deflator 100 105 CPI 100 104 2014 112 2015 123 110 113 120 2016 127 2012-2016
rt Questions (5 marks each) Complete the data in the following table and determine the real...
rt Questions (5 marks each) Complete the data in the following table and determine the real economic growth rate and the inflation rate from 2014 to 2015. 1. 2013 2014 2015 Nominal GDP 1,213 Real GDP GDP Deflator 1,371 1,088 1,124 1148 118.4
Based on the table below, calculate nominal GDP, real GDP, the GDP deflator, and the inflation rate in each year and fill in the missing parts of the table. Use 2014 as the base year. Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number. Price of Quantity of Price of orange ($) Quantity of oranges 700 beach balls beach ball Nominal GDP ($) Real GDP ($)...
Fill in the missing data in the following table. Year Nominal GDP GDP deflator Real GDP $ 2012 $220000 100.0 2013 $215,000 110.0 2014 $260,000 $220,000 2015 $290,000 $ 123.0 2016 $240,000 130.0
GDP Inflation Deflator Rate YEAR CPI GDP %GDP | Real GDP | %RGDP (%CPI) |(2015-100) 2012 231.2 95.43 1619 2013 234.72 97.11 16785 2014 236.27 98.94 17522 2015 237.83 100.00 18219 2016 242.7 01.09 1870 2017 247.91 103.02 19485 1. Calculate the annual inflation rate using the CPI. 2. Calculate the annual GDP growth rate using the GDP. 3. Explain how the inflation rate and the GDP growth have been moved. 4. Calculate the real GDP using GDP deflator by...
Based on the table below, calculate nominal GDP real GDP, the GDP deflator, and the infation rate in each year and fill in the missing parts of the table Use 2010 as the base year Instructions: Round nominal and real GDP values to two decimal places. Round GDP deflator and inflation rate values to the nearest whole number Quantity Price of Quantity Price of Real GOP ($) GOP deflator Inflation rate (%) Year of orange of beach beach ball GDP...
The table below shows the GDP deflator and the CPI over five recent years. By what percent did prices change between years for each measure? Calculate the annual inflation rate and then the inflation rate across the entire time period. Instructions: Enter your answers as percentages rounded to two decimal places. Change in GDP deflator Year 2012 2013 Change in CPI GDP deflator 100 105 CPI 100 104 2014 112 2015 123 110 113 120 2016 127 2012-2016
rt Questions (5 marks each) Complete the data in the following table and determine the real economic growth rate and the inflation rate from 2014 to 2015. 1. 2013 2014 2015 Nominal GDP 1,213 Real GDP GDP Deflator 1,371 1,088 1,124 1148 118.4
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