Homework Answers
|
Year |
Money GDP |
Real GDP |
IPD |
|
1989 |
5544 |
5040 |
110 |
|
1990 |
5600 |
5000 |
112 |
|
1991 |
5635 |
4900 |
115 |
|
1992 |
5873.4 |
5020 |
117 |
|
1993 |
6060 |
5050 |
120 |
|
1994 |
6200 |
5000 |
124 |
|
1995 |
6272 |
4900 |
128 |
Rate of inflation between base year and 1990 = ((112-100)/100)*100 = 12 percent
Average Annual Rate of inflation between 1989 and 1994 = (((124/110)^(1/6)-1))*100 = 2.02 percent
Average Annual Rate of real growth between 1990 and 1995 = (((4900/5000)^(1/6)-1))*100 = -0.34 percent
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Given an economy's quarterly data, fill-in missing information: 1987 100 Real GDP 5000 5020 5000 ...
The information below describes the real GDP per capita for a country for the period from...
The information below describes the real GDP per capita for a
country for the period from 1985 through to 2001.
If a new business cycle began in 1985, how long was this
cycle?
In which year did the peak occur? The trough occurred in which
year?
How long was the expansion? How long was the recession?
Year 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Real GDP per Capita 6,000 6,300...
7. Study the table below and identify the following: a. years in which the economy expanded...
7. Study the table below and identify the following: a. years in which the economy expanded b. years in which the economy contracted c. peaks d. troughs Year 1998 Annual Percentage Change in Real GDP (2007 $) -3.1 2.6 5.7 5.2 2.8 4.6 Year 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Annual Percentage Change in Real GDP (2007 $) 4.1 5.4 5.4 1.4 2.7 2.0 3.1 3.2 2.4 2.2 1.1 -2.9...
The data set on the right contains the real per capita GDP for 2 countries from the Penn World Table (PWT) version 9.1 (Feenstra et al., 2015). The column names are the country codes, OMN and PSE. You may copy the dataset to Excel or R to do the computati
YearOMN197011266197176221972632319735051197473381975802219768360197793611978965919791092719801149919811280319821276619831242319841306419851403219861019219871005419888809198992381990105911991991819921026319931004519949747199510199199611054199711784199811560199913501200016173200116853200218508200320329200425768200526647200638458200740960200847136200938538201040305201144477201247334201344979201440855201532460201629939201728249
How would I calculate real GDP per capita and real GDP per hour given the following...
How would I calculate
real GDP per capita and real GDP per hour given the following data?
Year 16.9 Nominal Population, GDP at annual market average of prices, Annual Working GDP PPP mid-quarter billions of Number of average Age Labour Employmen exchange estimates current CPI Jobs hours per Population Force t rate, (thousands) CADS 2007-100 (thousands) worker (thousands) (thousands) (thousands) USS/CADS 1961 18224.5 42.0 14.1 1962 18570.8 45.7 14.3 1963 18919.0 49.2 14.4 1964 19277.3 53.9 14.7 1965 19633.5 59.5...
5.6 Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994...
5.6 Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 x (L1) y (L2) Inflation Unemployment 8.9 7.6 3.8 9.7 3.8 9.6 3.9 7.5 3.8 7.2 1.1 7 4.4 6.2 4.4 5.5 4.6 5.3 6.1 3.1 6.8 2.9 7.5 2.7 6.9 2.7 6.1 2.5 5.6 3.3 5.4 1.7 4.9 1.6 4.5 2.7 4.2 4 1.6 4.7 2.4 5.8 1.9 6...
Based on the above table answer the following questions; What year is the base year? (15) ...
Based on the above table answer the following
questions;
What year is the base
year?
(15)
__________________________________________
In which year, did we experience deflation?
(15)
______________________________
What was the rate of inflation between 1970 and 1980?
(15) ________________________
If you earned $10,000 in 1990, how much would you have
had to earn in 2016 in order to maintain the same purchasing power?
(5) ___________________________________
Table 4.3 1970 - 2018 Consumer Price Index for All Urban Consumers Price Price Price Price...
Year Poverty Rate 1986 10.9 1987 10.7 1988 10.4 1989 10.3 1990 10.7 1991 11.5 1992...
Year
Poverty Rate
1986
10.9
1987
10.7
1988
10.4
1989
10.3
1990
10.7
1991
11.5
1992
11.9
1993
12.3
1994
11.6
1995
10.8
1996
11
1997
10.3
1998
10
1999
9.3
2000
8.7
2001
9.2
2002
9.6
2003
10
2004
10.2
2005
9.9
2006
9.8
2007
9.8
2008
10.3
2009
11.1
According to the Census Bureau, the number of people below the poverty level has been steadily increasing (CNN, September 16, 2010). This means many families are finding themselves there...
The following table shows the inflation rate and unemployment rate, both in percent, for the years...
The following table shows the inflation rate and unemployment rate, both in percent, for the years 1981-2008. We will investigate some methods for predicting unemployment. 4.4 X (L1) y (L2) Year Inflation Unemployment 1981 8.9 7.6 1982 3.8 9.7 1983 3.8 9.6 1984 3.9 7.5 1985 3.8 7.2 1986 1.1 7 1987 6.2 1988 4.4 5.5 1989 4.6 5.3 1990 6.1 5.6 1991 3.1 6.8 1992 2.9 7.5 1993 2.7 6.9 1994 2.7 6.1 1995 2.5 5.6 1996 5.4 1997...
1. Year Nominal GDP GDP Price deflator Real GDP Inflation Rate
1. Year Nominal GDP GDP Price deflator Real GDP Inflation Rate Growth Rate 2008 $14,833.60 99.23 -- -- 2009 14,417.90 100.00 2010 14,779.40 101.21 2011 15,052.40 103.20 2012 15,470.70 105.00 2013 15,759.00 106.59 2014 17,420.70 108.27 2015 18,287.20 110.01 2016 18,905.50 112.08 2017 19,738.90 114.27 a. Fill in the blanks in the table above and show your work. b. Over this time period, does inflation...
Oil prices have increased a great deal in the last decade. The following table shows the...
Oil prices have increased a great deal in the last decade. The following table shows the average oil price for each year since 1949. Many companies use oil products as a resource in their own business operations (like airline firms and manufacturers of plastic products). Managers of these firms will keep a close watch on how rising oil prices will impact their costs. The interest rate in the PV/FV equations can also be interpreted as a growth rate in sales,...
The information below describes the real GDP per capita for a
country for the period from 1985 through to 2001.
If a new business cycle began in 1985, how long was this
cycle?
In which year did the peak occur? The trough occurred in which
year?
How long was the expansion? How long was the recession?
Year 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 Real GDP per Capita 6,000 6,300...
7. Study the table below and identify the following: a. years in which the economy expanded b. years in which the economy contracted c. peaks d. troughs Year 1998 Annual Percentage Change in Real GDP (2007 $) -3.1 2.6 5.7 5.2 2.8 4.6 Year 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 Annual Percentage Change in Real GDP (2007 $) 4.1 5.4 5.4 1.4 2.7 2.0 3.1 3.2 2.4 2.2 1.1 -2.9...
How would I calculate
real GDP per capita and real GDP per hour given the following data?
Year 16.9 Nominal Population, GDP at annual market average of prices, Annual Working GDP PPP mid-quarter billions of Number of average Age Labour Employmen exchange estimates current CPI Jobs hours per Population Force t rate, (thousands) CADS 2007-100 (thousands) worker (thousands) (thousands) (thousands) USS/CADS 1961 18224.5 42.0 14.1 1962 18570.8 45.7 14.3 1963 18919.0 49.2 14.4 1964 19277.3 53.9 14.7 1965 19633.5 59.5...
5.6 Year 1981 1982 1983 1984 1985 1986 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 x (L1) y (L2) Inflation Unemployment 8.9 7.6 3.8 9.7 3.8 9.6 3.9 7.5 3.8 7.2 1.1 7 4.4 6.2 4.4 5.5 4.6 5.3 6.1 3.1 6.8 2.9 7.5 2.7 6.9 2.7 6.1 2.5 5.6 3.3 5.4 1.7 4.9 1.6 4.5 2.7 4.2 4 1.6 4.7 2.4 5.8 1.9 6...
Based on the above table answer the following
questions;
What year is the base
year?
(15)
__________________________________________
In which year, did we experience deflation?
(15)
______________________________
What was the rate of inflation between 1970 and 1980?
(15) ________________________
If you earned $10,000 in 1990, how much would you have
had to earn in 2016 in order to maintain the same purchasing power?
(5) ___________________________________
Table 4.3 1970 - 2018 Consumer Price Index for All Urban Consumers Price Price Price Price...
Year
Poverty Rate
1986
10.9
1987
10.7
1988
10.4
1989
10.3
1990
10.7
1991
11.5
1992
11.9
1993
12.3
1994
11.6
1995
10.8
1996
11
1997
10.3
1998
10
1999
9.3
2000
8.7
2001
9.2
2002
9.6
2003
10
2004
10.2
2005
9.9
2006
9.8
2007
9.8
2008
10.3
2009
11.1
According to the Census Bureau, the number of people below the poverty level has been steadily increasing (CNN, September 16, 2010). This means many families are finding themselves there...
The following table shows the inflation rate and unemployment rate, both in percent, for the years 1981-2008. We will investigate some methods for predicting unemployment. 4.4 X (L1) y (L2) Year Inflation Unemployment 1981 8.9 7.6 1982 3.8 9.7 1983 3.8 9.6 1984 3.9 7.5 1985 3.8 7.2 1986 1.1 7 1987 6.2 1988 4.4 5.5 1989 4.6 5.3 1990 6.1 5.6 1991 3.1 6.8 1992 2.9 7.5 1993 2.7 6.9 1994 2.7 6.1 1995 2.5 5.6 1996 5.4 1997...
Oil prices have increased a great deal in the last decade. The following table shows the average oil price for each year since 1949. Many companies use oil products as a resource in their own business operations (like airline firms and manufacturers of plastic products). Managers of these firms will keep a close watch on how rising oil prices will impact their costs. The interest rate in the PV/FV equations can also be interpreted as a growth rate in sales,...
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