User Account

All Pages

Calculate the rate of growth of real gdp

Assignment Help Macroeconomics
Reference no: EM13841643

Expenditure Component of GDP and Nominal vs. Real GDP

GDP Data




Year

 Nominal GDP

GDP Deflator

Year

 Nominal GDP

GDP Deflator

1969

 $     984.40

23.130

1991

 $  5,992.10

74.826

1970

 $  1,038.30

24.349

1992

 $  6,342.30

76.602

1971

 $  1,126.80

25.567

1993

 $  6,667.40

78.288

1972

 $  1,237.90

26.670

1994

 $  7,085.20

79.935

1973

 $  1,382.30

28.148

1995

 $  7,414.70

81.602

1974

 $  1,499.50

30.695

1996

 $  7,838.50

83.154

1975

 $  1,637.70

33.606

1997

 $  8,332.40

84.627

1976

 $  1,824.60

35.535

1998

 $  8,793.50

85.580

1977

 $  2,030.10

37.796

1999

 $  9,353.50

86.840

1978

 $  2,293.80

40.447

2000

 $  9,951.50

88.724

1979

 $  2,562.20

43.811

2001

 $10,286.20

90.731

1980

 $  2,788.10

47.817

2002

 $10,642.30

92.192

1981

 $  3,126.80

52.326

2003

 $11,142.20

94.134

1982

 $  3,253.20

55.514

2004

 $11,853.30

96.784

1983

 $  3,534.60

57.705

2005

 $12,623.00

100.000

1984

 $  3,930.90

59.874

2006

 $13,377.20

103.237

1985

 $  4,217.50

61.686

2007

 $14,028.70

106.231

1986

 $  4,460.10

63.057

2008

 $14,291.50

108.565

1987

 $  4,736.40

64.818

2009

 $13,973.70

109.532

1988

 $  5,100.40

67.047

2010

 $14,498.90

111.002

1989

 $  5,482.10

69.579

2011

 $15,075.70

113.369

1990

 $  5,800.50

72.274

2012

 $15,684.80

115.388

1. Show nominal GDP, the GDP price index for the data above for any 10 years; make sure that one of the years is the base year. Put both real and nominal GDP I the same graph.

2. Calculate the rate of growth of real GDP and show in the table below and draw the graph

Reference no: EM13841643

Questions Cloud

Produce a project plan for building a house : Produce a project plan for building a house. Follow the phases and tasks shown on the web page. You can click on each to see background information on that phase or task, so you can better understand it
Data management-erd diagram definition : The entity relationship diagram is crucial to the  creation of a successfully implemented application and database. A good understanding of how to identify the components that define the Entity Relationship Diagram is needed. Select one of the fol..
The fed raise the federal funds rate : What were the immediate consequences of this decision on the financial markets on Thursday and Friday. Was this anticipated to be the reaction. If the Fed was convinced that the economy was developing moderately, why not raise rates and why should..
E-commerce transaction : Question 1: Suspicious e-commerce transaction includes orders placed by a customer in one country that are shipped to another country. In fact there are no such orders in the Northwind db,  so create a few by modifying some of the "Germany
Calculate the rate of growth of real gdp : Show nominal GDP, the GDP price index for the data above for any 10 years; make sure that one of the years is the base year. Put both real and nominal GDP I the same graph.
Does descartes believe in god? : Does Descartes believe in God?
Draw the different components of gdp : What are the two accounts of an economic system and List all the components on both sides as they appear in the text - Compute the total GDP
Assess financial performance and condition of organization : Assess the financial performance and condition of the organization
Explain what is happening between growth and change in bts : Explain what is happening between growth and change in BTS. Compare this with what Malhotra and Hinings indicate about continuity and change (Reading 9) (500-600 words).

Reviews

Write a Review

Macroeconomics Questions & Answers

  Is this measure stabilizing or destabilizing

Some states are required to balance their budgets. Is this measure stabilizing or destabilizing? Suppose all states were committed to a balanced budget philosophy and the economy moved into a recession. What effects would this philosophy have on t..

  What happens to economic output and employment

Now suppose that these immigrants are particularly talented so that the country's total factor productivity increases. Incorporating only this additional information, clearly and accurately show what effects this would have on economic output, emp..

  An acre of corn gives $150 and anacre of soybeans

A farm has 600 acres, andyou can plant either corn or soybeans (or both). An acre of corn gives $150 and anacre of soybeans gives $80. There are 2000 hours oflabor available; an acre of cornuses 4 hours and an acre of soybeans uses 2 hours. Formulate..

  Explain how does the concept of comparative advantage

Explain how does the Concept of Comparative Advantage actually "prove the advantages" of free trade to both countries involved in a transaction.

  Human service interactions in terms of macro

human service interactions in terms of macro systems-communities and organizations.bull describe the concept of

  What is the cost of one more automobile and forklift

If the economy is at point C, what is the cost of one more automobile and forklift ?

  Find level of production

What is the optimal level of production of wine decanters? Verify that this level of output maximizes not minimizes profit

  List the various causes of inflation and determine if they

List the various causes of inflation and determine if they are an injection or a leakage. Justify why you selected injection or leakage.

  Suppose that fiscal policy changes output faster than

Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles? Is this a valid role for fiscal policy?

  How is the american auto industry an oligopoly

How is the american auto industry an oligopoly? 2-3 page paper about this .and how the companies differentiate from one another but yet still initially sell the same products: cars.

  What will happen to profits next year

If the First Bank sells $10 million of its fixed rate assets and replaces them with ratesensitive assets, what is the income gap for the bank? What will happen to profits next year if interest rates fall by 3 percentage points?

  What happens to total loans and security holdings of banks

b. Suppose the Fed makes a $2m open market sale. What happens to total deposits and the money supply What happens to total loans + security holdings of banks c. If banks collectively borrow $3m from the Federal Reserve, what happens to total deposi..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd