Homework Answers
Answer to first question is given as per HOMEWORKLIB RULES :
GDP deflator = ( Nominal GDP / Real GDP ) * 100
Both rise by 10% , so we can clearly see from the formula that GDP deflator will remain same after both rises .
GDP deflator is the price level of the overall economy . So the general price level remains same .
Inflation rate = (GDP deflator new - old ) / old * 100
Here new deflator = old deflator
So inflation rate = 0%
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(4 marks) Suppose both nominal GDP and real GDP rise by 10 percent. How will the...
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Measuring the Macroeconomy a. Real vs. Nominal GDP FILL IN THE BLANKS. Year Real GDP GDP Deflator Economic Growth Rate (Billions) (Billions) 2000 $54,000 $57,500 $60,000 2001 00 2002 $63,750 103 b. Given the following information, calculate (1) the unemployment rate (2) the employment rate and (3) the labor force participation rate. Total Population = 2,000,000 Children, Military & Institutionalized = 500,000 Retirees, Stay-at-home parents, students = 325,000 Unemployed = 58,500 Calculate the Civilian Non-institutionalized Population (CNP):...
When real GDP grows more slowly than potential GDP, a. nominal GDP rises. b. the unemployment...
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Need help with this, please show work 4. If nominal GDP and real GDP both rise...
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4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator O O falls by 10 percent. also rises by 10 percent. remains unchanged. rises by about 20 percent. O
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Suppose that nominal GDP (GDP measured in current dollars) rises by 10% and that inflation is...
Suppose that nominal GDP (GDP measured in current dollars) rises by 10% and that inflation is 5%. Which of the following is true? A. Nominal GDP has decreased. B. Unemployment will rise. C. Real (inflation-adjusted) GDP has decreased. D. Real GDP has increased.
Need help, please show work 2. The table below provides the nominal and real GDP figures...
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2. The table below provides the nominal and real GDP figures for the years 2016 and 2017. a) Calculate the GDP deflator for each year and the inflation rate for the year 2017. GDP Deflator Nom. GDP Real GDP 2016 2017 400 525 100 105 b) If the nominal interest rate on a certificate of deposit (CD) was 50% during 2017, what was the realized (ex-post) real interest earned by a depositor? [Hint real interest...
Homework: Ch. 8.3: Real v. Nominal GDP Score: 2 of 4 pts Concept: Inflation Rate The...
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1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is...
1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
Suppose that the GDP deflator grew by 10 percent from last year to this year. That...
Suppose that the GDP deflator grew by 10 percent from last year to this year. That is, the inflation rate this year was 10 percent This means that overall: real GDP in the economy has risen by 10 percent. output in the economy rose by 10 percent Oprices in the economy have risen by 10 percent. O real GDP and prices both rose by 10 percent This inflation rate implies that the growth rate in real GDP was 10 percent:...
Question 2 a. What is GDP? Explain the three methods that the Australian Bureau of Statistics uses to calculate GDP. b....
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please help me
Measuring the Macroeconomy a. Real vs. Nominal GDP FILL IN THE BLANKS. Year Real GDP GDP Deflator Economic Growth Rate (Billions) (Billions) 2000 $54,000 $57,500 $60,000 2001 00 2002 $63,750 103 b. Given the following information, calculate (1) the unemployment rate (2) the employment rate and (3) the labor force participation rate. Total Population = 2,000,000 Children, Military & Institutionalized = 500,000 Retirees, Stay-at-home parents, students = 325,000 Unemployed = 58,500 Calculate the Civilian Non-institutionalized Population (CNP):...
Need help with this, please show work
4. If nominal GDP and real GDP both rise by 10 percent, then the GDP deflator O O falls by 10 percent. also rises by 10 percent. remains unchanged. rises by about 20 percent. O
Need help, please show work
2. The table below provides the nominal and real GDP figures for the years 2016 and 2017. a) Calculate the GDP deflator for each year and the inflation rate for the year 2017. GDP Deflator Nom. GDP Real GDP 2016 2017 400 525 100 105 b) If the nominal interest rate on a certificate of deposit (CD) was 50% during 2017, what was the realized (ex-post) real interest earned by a depositor? [Hint real interest...
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1. If nominal GDP in 2016 equals to $4,500 and real GDP for the year is $4,000 (in 2009 dollars), The GDP deflator in 2016 is and the rate of inflation since 2009 is a. 112.5, 12.5 percent. b. 88.9,-11.1 percent 12.5, insufficient information for the calculation of the rate of inflation. 11.1, insufficient information for the calculation of the rate of inflation. c. d. 2. Actual GDP is run. a. above, above b. below; below c. below; above d....
Suppose that the GDP deflator grew by 10 percent from last year to this year. That is, the inflation rate this year was 10 percent This means that overall: real GDP in the economy has risen by 10 percent. output in the economy rose by 10 percent Oprices in the economy have risen by 10 percent. O real GDP and prices both rose by 10 percent This inflation rate implies that the growth rate in real GDP was 10 percent:...
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