Suppose the revenue for a certain company for the years 2010–2014 is shown in the following...
Suppose the revenue for a certain company for the years 2010–2014 is shown in the following table.
| Year | Revenue ($ billions) |
CPI |
|---|---|---|
| 2010 | 29.2 | 218.1 |
| 2011 | 37.8 | 224.9 |
| 2012 | 50.3 | 229.6 |
| 2013 | 59.9 | 233.0 |
| 2014 | 66.6 | 236.7 |
Deflate the revenue in billions of dollars based on the CPI (1982–1984 base period). (Round your answers to one decimal place.)
Deflated 2010 revenue $ ______ billion
Deflated 2011 revenue $________ billion
Deflated 2012 revenue $__________ billion
Deflated 2013 revenue $___________ billion
Deflated 2014 revenue $____________ billion
Comment on the company's revenue in deflated billions of dollars.
The company's real revenue has increased every year from 2010 to 2014.
The company's real revenue decreased every year from 2010 to 2012, then increased every year from 2012 to 2014.
The company's real revenue has decreased every year from 2010 to 2014.
The company's real revenue decreased from 2010 to 2011, then increased every year from 2011 to 2014.
The company's real revenue increased every year from 2010 to 2012, then decreased every year from 2012 to 2014.
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Suppose the revenue for a certain company for the years
2010–2014 is shown in the following...
Using the Consumer Price Index (CPI) detailed in the table below, Year CPI CPI Year 2003...
Using the Consumer Price Index (CPI) detailed in the table below, Year CPI CPI Year 2003 1989 1990 1991 1992 1993 1994 1995 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 2004 2005 2006 2007 2008 2009 2010 184.0 188.9 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 236.7 237.0 240.0 1996 1997 1998 1999 2000 2011 2012 2013 2014 166.6 172.2 177.1 179.7 2001 2002 2015 2016 Instructions: Enter your responses rounded to one decimal place...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014....
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Period (t) Revenue ($ billions) 23.6 Year 2009 2010 2011 2 29.4 3 37.8 2012 50.3 2013 2014 59.9 66.5 6 (a) Construct a time series plot. Revenue ($ billions) Revenue ($ billions) Revenue ($ billions) Revenue ($ billions) 30+ T EST BOUNCE 20+ m o ITETEN 0+ + + 0 2 3 4 5 6 7 Period Period Period What type of pattern...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014 Ye...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014 Year Period (t) Revenue ($ billions) 2010 2011 2012 2013 2014 23.8 29.4 38.0 50.1 59.7 66.6 (a) Construct a time series plot 70 60 50 2 40 30 70 60 50 2 40 70 2 40 2 40 30 30 10 10 10 10 What type of pattern exists in the data? The time series plot shows a downward linear trend. O The...
Suppose you had the following information about the CPI in nation ABC. CPI for each year...
Suppose you had the following information about the CPI in
nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0,
108.8, 115.3, and 121.1.
a. Calculate inflation from 2010-2011, 2011-2012, 2012-2013,
2013-2014, and 2014-2015. Calculate the rate of inflation to 3
decimal points. Show all work.
5. Suppose you had the following information about the CPI in nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0, 108.8, 115.3, and 121.1. a. Calculate inflation from 2010-2011,...
Q.8 Attempts: Score: /3 8. Problems and Applications Q8 GDP Year 2011 2012 2013 2014 2015...
Q.8
Attempts: Score: /3 8. Problems and Applications Q8 GDP Year 2011 2012 2013 2014 2015 (Billions of current dollars) 15,517.9 16,155.3 16,663.2 17,348.1 17,942.9 (Billions of 2009 dollars) 15,020.6 15,354.6 15,583.3 15,961.7 16,345.0 Source: "National Economic Accounts."U.S. Bureau of Economic Analysis, The percentage change in nominal GDp from 2011 to 2012 was. The percentage change in real GDP from 2011 to 2012 wasY True or False: The percentage change in real GDP from 2011 to 2012 was higher than...
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...
Year 2010 2011 2012 2013 Real GDP (Billion of 2000 dollars) $8,700 $8,875 $9,000 $9,280 Using...
Year 2010 2011 2012 2013 Real GDP (Billion of 2000 dollars) $8,700 $8,875 $9,000 $9,280 Using the table above, what is the approximate growth rate of real GDP from 2012 to 2013? A. 1% B. 3% C. 4% D. 2%
2002 85.0 92.0 Refer to the data below (all values are in billions): Nominal Year GDP...
2002 85.0 92.0 Refer to the data below (all values are in billions): Nominal Year GDP Deflator GDP (in Billions (Price Index, of Dollars) 2009 = 100) 2000 9,817 81.9 2001 10,128 83.8 10,469 2003 10,960 86.7 2004 11,685 89.1 2005 12,422 2006 13,178 94.8 2007 13,808 97.3 2008 14,291 99.2 2009 13,939 100.0 2010 14,524 101.2 15,518 103.3 2012 16,163 105.2 2013 16,768 106.7 2014 17,393 108.8 2015 18,037 110.0 2016 18,569 111.4 2011 2010 2011 2012 2013 2014...
2. Shown here are Caterpillar's annual global sales and revenue streams for the years 2004 through...
2. Shown here are Caterpillar's annual global sales and revenue streams for the years 2004 through 2014. By observing the data graphically and analyzing the data statistically using techniques and concepts from this chapter, share your insights and conclusions about Caterpillar's annual global sales and revenue streams over this period of time. YEAR SALES AND REVENUE STREAMS ($ BILLIONS) 2004 30.31 2005 36.34 2006 41.52 2007 44.96 2008 51.32 2009 32.40 2010 42.59 2011 60.14 2012 65.88 2013 55.66 2014...
Consider the following data on U.S. GDP: Assessment 3 Spring 2018 Due Today at 11:59 PM...
Consider the following data on U.S. GDP:
Assessment 3 Spring 2018 Due Today at 11:59 PM EDT GDP Year (Billions of 2011 2012 2013 2014 2015 (Billions of 2009 dollars) 15,020.6 15,354.6 15,583.3 15,961.7 16,345.0 t dollars) 5,517.9 16,155.3 16,663.2 17,348.1 17,942.9 The percentage change in nominal GDP from 2014 to 2015 was The percentage change in real GDP from 2013 to 2014 was True or False: The percentage change in real GDP from 2012 to 2013 was higher than...
Using the Consumer Price Index (CPI) detailed in the table below, Year CPI CPI Year 2003 1989 1990 1991 1992 1993 1994 1995 124.0 130.7 136.2 140.3 144.5 148.2 152.4 156.9 160.5 163.0 2004 2005 2006 2007 2008 2009 2010 184.0 188.9 195.3 201.6 207.3 215.3 214.5 218.1 224.9 229.6 233.0 236.7 237.0 240.0 1996 1997 1998 1999 2000 2011 2012 2013 2014 166.6 172.2 177.1 179.7 2001 2002 2015 2016 Instructions: Enter your responses rounded to one decimal place...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014. Period (t) Revenue ($ billions) 23.6 Year 2009 2010 2011 2 29.4 3 37.8 2012 50.3 2013 2014 59.9 66.5 6 (a) Construct a time series plot. Revenue ($ billions) Revenue ($ billions) Revenue ($ billions) Revenue ($ billions) 30+ T EST BOUNCE 20+ m o ITETEN 0+ + + 0 2 3 4 5 6 7 Period Period Period What type of pattern...
The following table shows a company's annual revenue (in billions of dollars) for 2009 to 2014 Year Period (t) Revenue ($ billions) 2010 2011 2012 2013 2014 23.8 29.4 38.0 50.1 59.7 66.6 (a) Construct a time series plot 70 60 50 2 40 30 70 60 50 2 40 70 2 40 2 40 30 30 10 10 10 10 What type of pattern exists in the data? The time series plot shows a downward linear trend. O The...
Suppose you had the following information about the CPI in
nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0,
108.8, 115.3, and 121.1.
a. Calculate inflation from 2010-2011, 2011-2012, 2012-2013,
2013-2014, and 2014-2015. Calculate the rate of inflation to 3
decimal points. Show all work.
5. Suppose you had the following information about the CPI in nation ABC. CPI for each year from 2010-2015 was 85.5, 95.2, 100.0, 108.8, 115.3, and 121.1. a. Calculate inflation from 2010-2011,...
Q.8
Attempts: Score: /3 8. Problems and Applications Q8 GDP Year 2011 2012 2013 2014 2015 (Billions of current dollars) 15,517.9 16,155.3 16,663.2 17,348.1 17,942.9 (Billions of 2009 dollars) 15,020.6 15,354.6 15,583.3 15,961.7 16,345.0 Source: "National Economic Accounts."U.S. Bureau of Economic Analysis, The percentage change in nominal GDp from 2011 to 2012 was. The percentage change in real GDP from 2011 to 2012 wasY True or False: The percentage change in real GDP from 2011 to 2012 was higher than...
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...
Year 2010 2011 2012 2013 Real GDP (Billion of 2000 dollars) $8,700 $8,875 $9,000 $9,280 Using the table above, what is the approximate growth rate of real GDP from 2012 to 2013? A. 1% B. 3% C. 4% D. 2%
2002 85.0 92.0 Refer to the data below (all values are in billions): Nominal Year GDP Deflator GDP (in Billions (Price Index, of Dollars) 2009 = 100) 2000 9,817 81.9 2001 10,128 83.8 10,469 2003 10,960 86.7 2004 11,685 89.1 2005 12,422 2006 13,178 94.8 2007 13,808 97.3 2008 14,291 99.2 2009 13,939 100.0 2010 14,524 101.2 15,518 103.3 2012 16,163 105.2 2013 16,768 106.7 2014 17,393 108.8 2015 18,037 110.0 2016 18,569 111.4 2011 2010 2011 2012 2013 2014...
Consider the following data on U.S. GDP:
Assessment 3 Spring 2018 Due Today at 11:59 PM EDT GDP Year (Billions of 2011 2012 2013 2014 2015 (Billions of 2009 dollars) 15,020.6 15,354.6 15,583.3 15,961.7 16,345.0 t dollars) 5,517.9 16,155.3 16,663.2 17,348.1 17,942.9 The percentage change in nominal GDP from 2014 to 2015 was The percentage change in real GDP from 2013 to 2014 was True or False: The percentage change in real GDP from 2012 to 2013 was higher than...
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