Homework Answers
|
2015 |
2016 |
2017 |
2018 |
|
|
Actual GDP($ Billions) |
800.00 |
820.00 |
846.60 |
867.77 |
|
Actual GDP growth rate (%) |
2.50% |
3.24% |
2.50% |
|
|
Real GDP($ Billions) |
810.00 |
820.00 |
830.00 |
846.60 |
|
Real GDP growth rate (%) |
1.23% |
1.22% |
2.00% |
|
|
GDP price deflator |
98.77 |
100.00 |
102.00 |
102.50 |
|
Rate of inflation (%) |
1.25% |
2.00% |
0.49% |
6. Option b. GDP deflator = (Nominal/Real GDP)*100 = (800/810)*100 = 98.77
7. Option c.
8. Option b. =((100-98.77)/98.77)*100 =1.24%
9. Option c. =(102/100)*830 = 846.60
10. Option a. =((102.5-102)/102)*100 = 0.49%
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uestions 6 to 10 Actual GDP ($ Billions) Actual GDP growth rate (%) Real GDP ($Billions)...
Actual GDP (S Billions) Actual GDP growth rate Real GDP (S Billions) Real GDP growth rate(...
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Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation...
Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
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Hello, can someone help me out with the question 8,9,11,12? I calculated for question 8 the...
Hello, can someone help me out with the
question 8,9,11,12?
I calculated for question 8 the answer might be 0.33, however,
there is no 0.33 as the answer.
The procedure is (Real GDP2017-Real GDP2016)/ Real
GDP2016=(893-890)/890=0.33
Thank you so much!
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Actual GDP (S Billions) Actual GDP growth rate Real GDP (S Billions) Real GDP growth rate( GDP Price Deflator Rate of inflation Az? 800 100 842 D-? 3% B-7 820 0.714 E#7 01.980 6. The dollar amount of cell A is a) $700 b) $800 c) $850 d) $900 7. The dollar amount of cell B is a) $780 b) $808 c) $827 d) $842 8. The GDP price deflator in cell C (first decimal; no rounding) is a) 100.8...
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Reference equation: Real GDP per capita growth rate Nominal GDP per capita growth rate - Inflation rate - Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when calculating this rate. However, the simplified equation both is easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The...
Reference equation: Real GDP per capita growth rate = Nominal GDP per capita growth rate-inflation rate-Population growth rate This equation is an approximation of the exact rate of growth of GDP per capita, and so it results in some errors when caloulating this rate. However, the smplified equation is both easy to use and results in small error terms when inflation, nominal GDP growth, and population growth are low, and so it is a useful approximation. The table below lists...
Hello, can someone help me out with the
question 8,9,11,12?
I calculated for question 8 the answer might be 0.33, however,
there is no 0.33 as the answer.
The procedure is (Real GDP2017-Real GDP2016)/ Real
GDP2016=(893-890)/890=0.33
Thank you so much!
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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....
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