Macro E-con Short Question 3 What are the main differences between the GDP deflator and the...
Macro E-con
Short Question 3
What are the main differences between the GDP deflator and the CPI?
Homework Answers
The main differences between the GDP deflator and the CPI are:
- The CPI is calculated with a fixed basket of goods and services whereas the GDP deflator uses the current quantity of goods and services produced in the country.
- The CPI includes imported goods but the GDP deflator does not.
- Any capital goods such as machinery and equipment if produced in a country will be included in the GDP deflator but excluded from the CPI.
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Macro E-con
Short Question 3
What are the main differences between the GDP deflator and the...
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1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is...
1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is real GDP? 2) If the Consumer Price Index rose from 166.3 in 1985 to 380.1 in 2010, what would be the inflation rate over this period? 3) In 1990, the CPI was 130.7 and in 1996 the CPI was 156.9. What was the rate of inflation over this period of time? 4) If a price index rose from 14.3 in 1985 to 34.1 in...
QUESTION 30 Which of the following is a reason why the GDP deflator may whow a...
QUESTION 30 Which of the following is a reason why the GDP deflator may whow a different inflation rate than CPI A. The CPI includes government spending whereas the GDP doesn't B. The CP is more accurately measured. C. The GDP deflator is more accurately measured. D. The GDP doesn't include imports whereas the CPI does.
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
The table below shows the GDP deflator and the CPI over the past five years. By...
The table below shows the GDP deflator and the CPI over the past five years. By what percentage did prices change between years for each measure? Instructions: Enter your answers as percentages rounded to two decimal places. Year Change in GDP deflator CPI GDP deflator 100 Change in CPI 2015 2016 105 100 104 110 113 2017 2018 2019 2015-2019 112 123 128 122
Question 43 The GDP deflator is the ________. A. difference between real GDP and nominal GDP...
Question 43 The GDP deflator is the ________. A. difference between real GDP and nominal GDP multiplied by 100 B. difference between nominal GDP and real GDP divided by 100 C. ratio of real GDP to nominal GDP multiplied by 100 D. ratio of nominal GDP to real GDP multiplied by 100 BAM223 - PRINCIPLES OF ECONOMICS
Question 12 0.1 pts The following table lists GDP and the GDP Deflator (Price) between 2015...
Question 12 0.1 pts The following table lists GDP and the GDP Deflator (Price) between 2015 and 2017. What is Real GDP in 2016? GDP Year 2015 2016 2017 $17,875 $18,325 $19,058 Price 109.3 110.6 112.7 O $165.69 $167.66 $16,765.78 $16,568.72
The table below shows the GDP deflator and the CPI over the past five years. By...
The table below shows the GDP deflator and the CPI over the past five years. By what percentage did prices change between years for each measure? nstructions: Enter your answers as percentages rounded to one decimal place. Change in GDP Change in CP Year 2005 2006 2007 2008 2009 2005-2009 GDP deflator 100 105 112 123 127 100 104 110 113 120
Write a short paragraph and discuss what the main differences are between reversible and irreversible battery...
Write a short paragraph and discuss what the main differences are between reversible and irreversible battery failure in NiCd batteries
question 1: nominal GDP for 2016 question 2: real gdp for 2015 question 3: GDP deflator...
question 1: nominal GDP for 2016
question 2: real gdp for 2015
question 3: GDP deflator for 2014
question 4: calculate cost/price of the market basket for
2015
question 5: calculate CPI for 2016
question 6: use CPI to calculate the inflation rate
from 2014 to 2015
question 7: which person makes more in
inflation-adjusted terms or (real) terms? would it change if nick
made 82k a year instead?
question 8: best too look at pic.
Note: please show work...
1) If nominal GDP is $7636.0 billion and the GDP deflator is 130.2, then what is real GDP? 2) If the Consumer Price Index rose from 166.3 in 1985 to 380.1 in 2010, what would be the inflation rate over this period? 3) In 1990, the CPI was 130.7 and in 1996 the CPI was 156.9. What was the rate of inflation over this period of time? 4) If a price index rose from 14.3 in 1985 to 34.1 in...
QUESTION 30 Which of the following is a reason why the GDP deflator may whow a different inflation rate than CPI A. The CPI includes government spending whereas the GDP doesn't B. The CP is more accurately measured. C. The GDP deflator is more accurately measured. D. The GDP doesn't include imports whereas the CPI does.
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
The table below shows the GDP deflator and the CPI over the past five years. By what percentage did prices change between years for each measure? Instructions: Enter your answers as percentages rounded to two decimal places. Year Change in GDP deflator CPI GDP deflator 100 Change in CPI 2015 2016 105 100 104 110 113 2017 2018 2019 2015-2019 112 123 128 122
Question 12 0.1 pts The following table lists GDP and the GDP Deflator (Price) between 2015 and 2017. What is Real GDP in 2016? GDP Year 2015 2016 2017 $17,875 $18,325 $19,058 Price 109.3 110.6 112.7 O $165.69 $167.66 $16,765.78 $16,568.72
The table below shows the GDP deflator and the CPI over the past five years. By what percentage did prices change between years for each measure? nstructions: Enter your answers as percentages rounded to one decimal place. Change in GDP Change in CP Year 2005 2006 2007 2008 2009 2005-2009 GDP deflator 100 105 112 123 127 100 104 110 113 120
Write a short paragraph and discuss what the main differences are between reversible and irreversible battery failure in NiCd batteries
question 1: nominal GDP for 2016
question 2: real gdp for 2015
question 3: GDP deflator for 2014
question 4: calculate cost/price of the market basket for
2015
question 5: calculate CPI for 2016
question 6: use CPI to calculate the inflation rate
from 2014 to 2015
question 7: which person makes more in
inflation-adjusted terms or (real) terms? would it change if nick
made 82k a year instead?
question 8: best too look at pic.
Note: please show work...
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