Find the percentage increase in real GDP

Assignment Help Business Economics
Reference no: EM131379867

GDP rises from $6 trillion in 1986, the base year, to $18 trillion in 1989. The GDP deflator in 1989 is 200. Find real GDP in 1989. Find the percentage increase in real GDP between 1986 and 1989.

Instructions: Round your answer to three decimal places.

Real GDP in 1989 : $ _______ trillion.

Instructions: Enter your answer as a percentage rounded to one decimal place.

Percentage increase in real GDP between 1986 and 1989 : ______%.

Reference no: EM131379867

Questions Cloud

Monopolistically competitive firm : What is the profit maximizing price, Output? For this monopolistic competitive firm, is the firm earning a profit or loss? Explain. What is the average total cost (ATC)? What is the amount of average revenue (AR)? What is the amount of total revenue,..
Firm purchased some equipment at very favorable price : A firm purchased some equipment at a very favorable price of $30,000. The equipment purchased in an annual net savings of $1000 per year during the 8year it was. At the end of 8 years, the equipment was sold for $40,000. Assuming interest did the equ..
The impact of medicare and medicaid costs : The impact of Medicare and Medicaid costs is expected to be even more important for the future debt of the U.S. than is social security. Where will most of these financial pressures come from? How might they be contained or coped with?
Flexible exchange rates and perfect capital mobility : With the help of an IS-LM diagram, explain the effects of restrictive fiscal policy on the level and composition of output assuming flexible exchange rates and perfect capital mobility.
Find the percentage increase in real GDP : GDP rises from $6 trillion in 1986, the base year, to $18 trillion in 1989. The GDP deflator in 1989 is 200. Find real GDP in 1989. Find the percentage increase in real GDP between 1986 and 1989. Percentage increase in real GDP between 1986 and 1989.
How much they value their leisure time versus work time : People decide how to “budget” their time in much the same way that they decide how to budget for different goods. Each person decides how much they “value” their leisure time versus their work time. How might we model this trade-off economically usin..
Calculate the stackelberg equilibrium output : Consider an industry with 2 firms, each having marginal cost equal to zero. The inverse demand function facing this industry is. If firm 1 as follower and firm 2 behaves as leader, calculate the Stackelberg equilibrium output.
Find more additional sources which provide reviews : Find three or more additional sources which provide reviews for (a) your chosen product or (b) information about Application Life Cycle Management.

Reviews

Write a Review

Business Economics Questions & Answers

  Assume instead that the industry can sell any

Assume instead that the industry can sell any also all of its output at the fixed marketplace price of P = 120. Find out the industries optimal output.

  Language-organization of society-economic development

What is South Africa’s, attitudes and beliefs? Religion, material culture, language, organization of society, level of economic development.

  What is the effective marginal tax rate

Consider an income support program (similar to AFDC after 1967) in which a family with no income would receive $1500 in cash benefits per month, and if the family receives income from working Y, At what income Y would benefits be eliminated? Suppose ..

  Choose target market for product

Choose a target market for a product and describe your target market in detail, create a new product for tyson foods company that would appeal to your target and develop atleast one question for each characteristic of the target market

  Falling oil prices will lead to increased employment

“Falling oil prices will lead to increased employment, higher wage rates and increased real money balances.” Comment on this statement with the help of an AD-AS diagram and explain the short-run and long-run adjustment processes.

  What must the saving rate be in the initial steady state

In the U.S, the capital share of GDP is about 50 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. What must the saving rate be in the init..

  What is the expected dividend each year for next four year

Hair Re-Growth Company has developed a new product and is selling its product as fast it can be produced. As a result, the company is predicting growth of 20% per year for the next four years. What is the expected dividend each year for the next four..

  Contrast a public good versus a private good

Assume that the price of smart phones increased from $420 to $444 per unit. The manufacturer decides to supply 15,000 units instead of 12,000. Calculate the price elasticity of supply. Is supply elastic or inelastic? Compare and contrast a public goo..

  Treasury sells bonds

When the US. Treasury sells bonds, the money supply does not increase, while when the Central Bank sells bonds, the money supply contracts. Explain why?

  The present value of a perpetuity that pays

The present value of a perpetuity that pays $F every year when the annual rate of discount is i is? Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the ..

  Calculate the growth rate of total capital income

Suppose the output per effective worker is production function is y=10k1/2, where k equals the amount of capital per effective worker and the capital lasts an average of 10 years. Calculate the growth rate of total capital income and the growth rate ..

  Road trip game and determine if the game is symmetric

Consider a group of 10 friends who are considering going on a road trip. In determining whether or not to go, each friend considers both how much they would enjoy the trip and how much it will cost them. The cost of the trip will be $500 total, and w..

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!

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